Sullivan Products manufactures custom effect pedals for electric guitars. The following transactions occurred in March. 1. Purchased $40,000 of materials on account in March 2. Issued $34,000 in direct materials to the production department. 3. Incurred direct labor costs of $35,700, which were credited to Wages Payable. 4. Applied overhead on the basis of 135 percent of direct labor costs. 5.15 pedals totaling $17,000 in cost were finished on March 27. 6. Of the 15 pedals finished in March, 3 were delivered to customers with a cost of $4,500. 7. In March Sullivan paid $49,000 in manufacturing overhead. Prepare journal entries to record these transactions. Assume any over- or under-applied manufacturing overhead is written off to Cost of Goods Sold monthly Entries MUST be in correct journal format to receive credit. Sullivan Products manufactures custom effect pedals for electric guitars. The following transactions occurred in March. 1. Purchased $40,000 of materials on account in March. 2. Issued $34,000 in direct materials to the production department. 3. Incurred direct labor costs of $35,700, which were credited to Wages Payable. 4. Applied overhead on the basis of 135 percent of direct labor costs. 5. 15 pedals totaling $17.000 in cost were finished on March 27. 6. Of the 15 pedals finished in March, 3 were delivered to customers with a cost of $4,500. 7. In March Sullivan paid $49,000 in manufacturing overhead. Prepare journal entries to record these transactions. Assume any over- or under-applied manufacturing overhead is written off to Cost of Goods Sold monthly. Entries MUST be in correct journal format to receive credit