The selected data that follow relate to the Berger Furniture Company.

Direct material purchased .........................................$160,000

Direct material used .....................................................79,000

Direct labor .................................................................179,000

Manufacturing overhead incurred...............................100,000

Manufacturing overhead applied ..................................90,000

During the year, products costing $310,000 were completed, and products costing $316,000 were sold for $455,000.

Required:

Prepare journal entries to record the preceding transactions and events.