The standard cost sheet for Chambers Company, which manufactures one product, follows. $ 80 100 80 Direct materials, 40 yards at $2.00 per yard Direct labor, 5 hours at $20 per hour Factory overhead applied at 80% of direct labor (variable costs = $60; fixed costs = $20) Variable selling and administrative Fixed selling and administrative Total unit costs 64 40 $ 364 Standards have been computed based on a master budget activity level of 28,800 direct labor-hours per month. Actual activity for the past month was as follows. Materials used Direct labor Total factory overhead Production 228,000 yards at $2.05 per yard 25,200 hours at $20.40 per hour $444,000 5,000 units Assume there are no beginning inventories or ending inventories. All production was sold for $2,375,000. Required: Prepare the journal entries to record the activity for the last month using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the month. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) A Record the actual costs of direct Materials incurred. B Record the actual costs of direct labor incurred. c Record the transfer of overhead applied to work-in- process inventory. D Record the actual costs of overhead incurred. E Record the overhead applied to production and variances, if any. F Record the transfer of WIP inventory to finished goods. G Record the sale of all goods. H Record the cost of all goods. I Record the disposition of variances