Sweetwater Company manufactures two products, Mountain Mist and Valley Stream. The company prepares its master budget on the basis of standard costs. The following data are for March.

Standards		Mountain Mist		Valley Stream
Direct materials		3 ounces at $15 per ounce		4 ounces at $16.50 per ounce
Direct labor		5 hours at $60 per hour		6 hours at $75 per hour
Variable overhead (per direct labor-hour)		$48		$52.50
Fixed overhead (per month)		$335,340		$397,800
Expected activity (direct labor-hours)		5,750		7,800
Actual results
Direct material (purchased and used)		3,100 ounces at $13.50 per ounce		4,700 ounces at $17.25 per ounce
Direct labor		4,900 hours at $60.75 per hour		7,400 hours at $76.50 per hour
Variable overhead		$242,550		$378,510
Fixed overhead		$313,950		$396,000
Units produced (actual)		1,000 units		1,200 units

Assume that the company carries no beginning or ending inventories. Sales in March totaled $3,150,000 for both products combined. Required:

Prepare the journal entries to record the activity for the last month using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the month. Each one follows.

Mountain Mist:

Record the actual costs of direct materials incurred.

Record the actual costs of direct labor incurred.

Record the transfer of variable overhead applied to work-in-process inventory.

Record the actual costs of variable overhead incurred.

Record the variable overhead applied to production and variances, if any.

Record the transfer of fixed overhead applied to work-in-process inventory.

Record the actual costs of fixed overhead incurred.

Record the fixed overhead applied to production and variances, if any.

Valley Stream:

Record the actual costs of direct materials incurred.

Record the actual costs of direct labor incurred.

Record the transfer of variable overhead applied to work-in-process inventory.

Record the actual costs of variable overhead incurred.

Record the variable overhead applied to production and variances, if any.

Record the transfer of fixed overhead applied to work-in-process inventory.

Record the actual costs of fixed overhead incurred.

Record the fixed overhead applied to production and variances, if any.

Record the transfer of WIP inventory to finished goods. (For Mountain Mist and Valley Stream).

Record the sale of all goods. (For Mountain Mist and Valley Stream).

Record the cost of all goods. (For Mountain Mist and Valley Stream).

Variances:

Record the disposition of variances.