Sereno Company makes piatas for childrens birthday parties. Information for Serenos last six months of operation is listed below.

Required:

Prepare the journal entries to record each of the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

(a)	Purchased $9,700 of raw materials on credit.

(b)	Issued $4,100 of direct materials into production.

(c)	Recorded $14,700 in direct labor.

(d)	Applied $17,900 in manufacturing overhead.

(e)	Completed pinatas costing $19,950.

(f)	Recorded $18,500 in actual manufacturing overhead.

(g)

Sold piatas for $48,500 that cost $17,200 to produce (assume that Sereno Company uses a perpetual inventory system). 1. Record the purchase of materials. 2. Record the transfer of materials to production. 3. Record the cost of labor. 4. Record the application of manufacturing overhead. 5. Record the cost of completed units to Finished Goods Inventory. 6. Record the actual manufaturing overhead. 7. Record the sales revenue. 8. Record the cost of goods sold.