Dubai Manufacturing uses a normal cost system and had the following data available for 2021

Direct materials purchased on account..$ 75,000

Direct materials requisitioned.45,000

Direct labor cost incurred..70,000

Factory overhead incurred .. 90,000

Cost of goods completed 150,000

Cost of goods sold . 130,000

Beginning direct materials inventory.15,000

Beginning WIP inventory32,000

Beginning finished goods inventory..29,000

Overhead application rate, as a percent of direct-labor costs110 percent

Required: Prepare all journal entries needed for 2021.