The cost to the third party for this project amounts to $815,000. Meanwhile, for equivalent units produced with the machine, direct material expenses total $150,000, and the labour required to operate the machinery is $160,000. Manufacturing overhead costs related to this project come to $100,000. The machine would cost $125,000. Production supervisors' account for $140,000 of the budget, and there is an expenditure of $90,000 for quality control related to third-party production. It costs $290,000 for building rent.

use the information above to prepare a journal entry.