Study the information provided below and prepare journal entries to record the following: (20 Marks) 4.1 Purchases of materials (2 marks) 4.2 Issue of materials (3 marks) 4.3 Labour costs incurred (2 marks) 4.4 Allocation of labour costs (4 marks) 4.5 Overhead costs incurred (5 marks) 4.6 Transfer of overheads to the Overheads Control account. (4 marks) INFORMATION Stanton Manufacturers commenced business at the start of 2021. The following transactions took place during January 2021 1. Purchase and issue of materials Raw material Purchased Issued Raw material A R300 000 R120 000 For Job 1 Raw material B R180 000 R60 000 For Job 2 Raw material C R60 000 R24 000 Indirect materials 2. Labour costs incurred Hours Cost Direct labour Job 1 24 000 R96 000 Job 2 12 000 R48 000 Indirect labour for the period R60 000 3. Overheads incurred R Electricity and water consumption 18 000 Maintenance of equipment 12 000 Depreciation of equipment 12 000