Zelda Manufacturing organized in June and recorded the following transactions during June, its first month of operations:

1.	Purchased materials costing $800,000.
2.	Used direct materials in production costing $485,000.
3.	Applied direct labor costs of $500,000 to various jobs.
4.	Applied manufacturing overhead at a rate of $10 per direct labor hour. (Direct labor workers earn $20 per hour.)
5.	Incurred actual manufacturing overhead costs of $245,000 (credit "Various Accounts").
6.	Transferred completed jobs costing $745,000 to finished goods.
7.	Sold completed jobs for $1,000,000 on account. The cost applied to the jobs sold totaled $615,000.
8.	Closed the Manufacturing Overhead account directly to Cost of Goods Sold on June 30.

a.	Prepare a journal entry for each of the eight transactions listed above. (Omit the "$" sign in your response.)

	General Journal	Debit	Credit
1.
2.
3.
4.
5.
6.
7.
8.

b.	Compute the balance of the Cost of Goods Sold account at June 30. (Omit the "$" sign in your response.)

Cost of goods sold

$

c.	Determine the company's inventory balances at the end of June. (Omit the "$" sign in your response.)

Materials inventory	$
Work in process inventory	$
Finished goods inventory	$