From the following transactions, prepare the appropriate general journal entries for the month of May:

1. Raw materials costing $72,000 were issued from the storeroom.

2. Direct labor of $60,000 was charged to production.

3. Supplies costing $7,400 were issued from the storeroom.

4. Indirect labor costs of $18,500 were incurred.

5. Rent of $3,400 and depreciation of $800 were charged to overhead.

6. Overhead was applied at 30% of direct labor dollars.

7. Completed products costing $66,000 were transferred to finished goods.

8. Products costing $39,000 were sold on account for $64,000.