The normal capacity of Gray's Gofish, Inc. is 6,000 units of product, which takes 12,000 direct labor hours to complete. A standard finished unit of product requires four pounds of materials at an estimated cost of $4 per pound. The estimated cost of labor is $8 per hour. It is estimated that factory overhead for the month will be $18,000 ($6,000 of fixed costs and $12,000 of variable costs). Determine the standard unit cost: Materials $ Labor Factory overhead Total Per Unit $ 35.00 ==== During the month 4,500 units of product were actually produced. 17,500 pounds of materials were used at a cost of $4.15 per pound. 9,500 labor hours were worked at an average rate of $7.90 per hour. Total actual factory overhead incurred was $13,500. 4,400 units were sold for $40 each on credit. (Do calculations on pages 2 & 3.) Do the general journal entries below to: 1. Issue materials to production. 2. Charge labor cost to production. 3. Charge factory overhead to production. 4. Record the sales, including cost of goods sold using the perpetual method when the products are sold,