Provide the necessary journal entries for the below

Standard Costs

Materials 6 unit $ 2 per unit

Labor 1/4 hour 8 per hour

Variable factory overhead 3/4 hour 4 per hour

Fixed factory overhead 3/4 hour 12 per hour [ normal capacity 4, 000 hour ]

Equivalent units produced materials 6,000 labor 5,800 factory overhead 5,500

Materials 33,000 units purchased on credit for $ 64,020

Direct labor $ 12,300 for 1,500 hour

Factory overhead $ 67,250 actual cost

Units completed 5,200

Units sold 5,500 at $ 40 each