Taylor Tackers uses process costing. It produces a tacker used by movers to seal boxes. Taylor has almost no inventories of material, work in process, or finished goods. The balances are so small that the company treats them as zero for purposes of its accounting reports. During July, the company produced and shipped 13,000 tackers at a cost of $13.50 per tacker. The cost consisted of 20 percent material cost, 25 percent labor cost, and 55 percent manufacturing overhead. Prepare journal entries to record the following:

a.		Issuance of direct material
b.		Cost of direct labor accrued
c.		Application of manufacturing overhead
d.		Completion of units in process and their transfer to Finished Goods
e.		Cost of goods sold

No.	Account Titles and Explanation	Debit	Credit
a.	enter an account title to record material used in production
	enter an account title to record material used in production
	(To record material used in production)
b.	enter an account title to record labor
	enter an account title to record labor
	(To record labor)
c.	enter an account title to record overhead applied
	enter an account title to record overhead applied
	(To record overhead applied)
d.	enter an account title to record cost of units completed and transferred to finished goods
	enter an account title to record cost of units completed and transferred to finished goods
	(To record cost of units completed and transferred to finished goods)
e.	enter an account title to record cost of units sold
	enter an account title to record cost of units sold
	(To record cost of units sold)