Hartley Company has a production process that involves three processes. Units move through the processes in this order: cutting, stamping, and then polishing. The company had the following transactions in November:
1. Cost of units completed in the Cutting Department, $17,000
2. Cost of units completed in the Stamping Department, $30,000
3. Cost of units completed in the Polishing Department, $35,000
4. Sales on account, $50,000
5. Cost of goods sold is 80% of sales
Prepare the journal entries for Hartley Company?