Current Attempt in Progress Vista Company installed a standard cost system on January 1 . Selected transactions for the month of January are as follows. 1. Purchased 18,500 units of raw materials on account at a cost of $2.60 per unit. 5 tandard cost was $2.40 per unit. 2. Issued 18,500 units of raw materials for jobs that required 18,240 standard units of raw materials. 3. Incurred 16,000 actual hours of direct labor at an actual rate of $4.80 per hour. The standard rate is $5.40 per hour, (Credit Factory Wages Payable] 4. Performed 16,000 hours of direct labor on jobs when standard hours were 16,120 5. Applied overhead to jobs at the rate of 100 of direct labor cost for standard hours aliowed. Journalize the January transactions. (Credit occount titles are automatically indented when amount is entered. Do not indent monually) Journalize the January transactions. (Credit account titbes are cutomotically indented when amount is entered. Do not indent manuolly. 4. 5. eTextbook and Media e Textbook List of Accounts Save far tater Attempts: 0 of 3 used List of Accounts Accounts Payable Accounts Recelvable Cost of Goods Sold Factory Labor Factory Wases Payable Finished Goods Inventory Labor Price Variance Labor Quantity Variance Manufacturing Overhead Materials Price Variance Materials Cliantity Variance Overhead Variance Hinished Goods inventory Labor Price Variance Labor Quantity Variance Manufacturing Overhead Materials Price Variance Materials Quantity Variance Overhead Variance Raw Materiats Inventory Sales Selling and Administrative Expenses Work in Process Imventory Sovifor Later