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$