Process Costing

Lamberton Industries uses process costing, All of the company's manufacturing activities take place in a single processing department. The following information was available for the month of July.

Direct materials

Direct labor

$$80,000$

Manufacturing overhead applied

Total costs to account for in July

Partially completed units in July's beginning and ending work in process inventories were considered immaterial and were assigned no dollar value. During July, $40,000$ units were completed, of which $35,000$ were sold on account at $$12$ per unit.

a$.$ Prepare a journal entry to summarize the total manufacturing costs applied to production in July.

b$.$ Prepare the journal entry to transfer $40,000$ completed units from work in process to the finished goods warehouse in July.

c$.$ Prepare the journal entries to record the sale of $35,000$ units manufactured during the period and the related cost of goods sold.