Mar. 6 Recorded the payroll: $10,000 of direct labor and $2,000 of indirect labor. 8 Received $14,000 of materials and components that had been ordered on account. 10 Completed product costing $22,000 and transferred it to the warehouse. Requisitioned $5,000 of material for use in the factory; $4,000 was used as direct material and the remainder was used as indirect material. 12 Sold on account product costing $3,000 for $4,500. 15 Applied $6,000 of manufacturing overhead cost to the product currently being worked on. 21 Paid $500 cash for a special material component that was shipped via overnight delivery. 27 Sold product costing $2,900 for $5,000 cash. Required Prepare general journal entries to record these transactions. P2-3A. Journal Entries Taylor Manufacturing Company uses the perpetual inventory system to record L04 transactions related to its manufacturing inventories. The following transactions occurred during March 2016