From the following transactions, prepare the appropriate general journal LO2 (25 MIN) entries for the month of May:
a. Raw materials costing
76,000 were issued from the storeroom.
b. Direct labor of
60,000 was charged to production.
c. Supplies costing
7,200 were issued from the storeroom.
d. Indirect labor costs of
18,500 were incurred.
e. Rent of $2,900 and depreciation of
450 were charged to overhead.
f. Overhead was applied at 40% of direct labor dollars.
g. Completed products costing
68,000 were transferred to fi nished goods.
h. Products costing37,000 were sold.