FARE Entrepises makes a control panel component for automobiles. FARE does just-in-time shipping, so parts are loaded and shipped as soon as completed. The parts require $7 of raw materials and $5 of dirext labor each. FARE bughy enough raw materials this month for 80,000 units. Acme made 50,000 units this month. FARE spent $120,000 this month on overhead on account. Overhead is applied at 40% of direct labor. At month end FARE does journal entries, dated April 30th, for all components of manufacturing and the movement of costs through the system. All 50,000 were sold by April 30th at $40 per part. Prepare a journal entry with the appropriate titles and amounts.