Sunland Company installed a standard cost system on January $1.$ Selected transactions for the month of January are as follows.

Purchased $17,200$ units of raw materials on account at a cost of $$3\mathrm{.}60$ per unit. Standard cost was $$3\mathrm{.}30$ per unit.

Issued $17,200$ units of raw materials for jobs that required $16,730$ standard units of raw materials.

Incurred $15,000$ actual hours of direct labor at an actual rate of $$4\mathrm{.}80$ per hour. The standard rate is $$5\mathrm{.}40$ per hour. $($Credit Factory Wages Payable.$)$

Performed $15,000$ hours of direct labor on jobs when standard hours were $15,110.$

Applied overhead to jobs at the rate of $100\%$ of direct labor cost for standard hours allowed.

Journalize the January transactions. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

Materials Price Variance

Raw Materials Inventory

Accounts Payable

$2.$ Work in Process Inventory

Raw Materials Inventory

$3.$

$4.$ Work in Process Inventory

Factory Wages Payable