E$3-25($Algo$)$ Recording Manufacturing Costs in Process Costing $[$LO $3-$S$1]$

Sereno Company makes pi$$atas for children$$s birthday parties. Information for Sereno$$s last six months of operation is listed below.

Required:

Prepare the journal entries to record each of the following transactions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

Purchased $$8,800$ of raw materials on credit.

Issued $$3,400$ of direct materials into production.

Recorded $$16,100$ in unpaid direct labor.

Applied $$17,800$ in manufacturing overhead.

Completed pi$$atas costing $$20,750.$

Recorded $$18,000$ in actual manufacturing overhead.

Sold pi$$atas for $$39,300$ that cost $$17,900$ to produce $($assume that Sereno Company uses a perpetual inventory system$).$