Bechtel  Technical Clothing produces parkas used by arctic explorers, mountain climbers, and people living in Minnesota. The company uses a standard costing system, and standards call for 2.5 yards of material at $55 per yard for each parka. The standard cost for labor is 3.5 hours at $35 per hour. Standard overhead is $14 per unit. For the year 2021, expected production is 8,000 parkas with fixed overhead of $60,000 and variable overhead of $6.50 per parka. 

During 2021, 8,500 parkas were manufactured. The company purchased 24,000 yards of material at a cost of $1,368,000. Production required 22,300 yards of material. The cost of direct labor was $1,000,000 for 27,500 hours. Actual overhead for the year was $90,000. 

Required 

a. Prepare a journal entry to record the purchase of material. 

b. Prepare a journal entry to record material used in production. 

c. Prepare a journal entry to record direct labor. 

d. Prepare a journal entry to record actual overhead and overhead applied. 

e. Prepare a journal entry to close the variances in requirements a through d to Cost of Goods Sold.