The following information pertains to Rami manufacturing Co.:

1. Beginning inventories: Materials $30,000; Work- in process $12,000; Finished goods $15,000.
2. Ending inventories: Materials $10,000; Work- in process $18,000; Finished goods $12,000.
3. During the year, the company purchased materials of $80,000.
4. The company paid labor wages of $500,000.
5. The overhead manufacturing costs were $180,000.

Instruction: Prepare the journal entries