The selected data that follow relate to the C&R Ice Company.

Direct material purchased on account $150,000

Direct material used 69,000

Direct Labor 160,000

Manufacturing overhead incurred 90,000

Manufacturing overhead applied 80,000

During the year, products costing $300,000 were completed, and products costing $306,000 were sold on account for $445,000.

Required:

Prepare journal entries to record the preceding transactions and events.