Prepare the journal entries needed based on the following information:

Estimated overhead for the month: $6,000
Estimated direct labor hours: 2,000
Purchased $35,000 of materials
Requisitioned $10,000 of materials to be placed into production
Incurred $4,000 of direct labor during the month (500 hours)
Incurred the following actual factory overhead amounts:
Utilities: $1,000
Indirect materials: $500
Indirect labor: $1,000
Rent: $1,500
Completed two jobs with a cost of $18,000
Sold both jobs completed at price = cost + 50%
Applied overhead is $3,000