The selected data that follow relate to the Underwood Furniture Company.

Direct material purchased on account	$	198,000
Direct material used		88,000
Direct labor		189,000
Manufacturing overhead incurred		195,000
Manufacturing overhead applied		128,000

During the year, products costing $348,000 were completed, and products costing $373,000 were sold on account for $540,000.

Required:

Prepare journal entries to record the preceding transactions and events. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1- Record the purchase of the inventory

2- Record the issue of material for processing

3- Record the wages payable

4- Record the manufacturing overhead incurred

5- Record the manufacturing overhead applied

6- Record the transfer of completed products to finished-goods inventory

7- Record the sales revenue

8- Record the cost of goods sold