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Boron Chemical Company produces a synthetic resin that is used in the automotive industry. The company uses a standard cost system. For each gallon of output, the following direct manufacturing costs are anticipated: During December of the current year, Boron produced a total of 2,540 gallons of output and incurred the following direct manufacturing costs: Direct labor: 5,900 hours worked at an average wage rate of $19.90 per hour Direct aterials: purchased: 6,800 gallons e $14.45 per gallon used in production: 6,200 gallons Boron records price variances for matenals at the time of purchase. Required: Prepare journal entries for the following events and transactions. 1. Purchase, on credit, of direct materials. 2. Direct materials issued to production. 3. Direct labor cost of units completed this period 4. Direct manufacturino cost idirect labor Dlus direct materialsi of units comoleted and transferred to Finished Goods Required: Prepare journal entries for the following events and transactions. 1. Purchase, on credit, of direct materials. 2. Direct materials issued to production. 3. Direct labor cost of units completed this period. 4. Direct manufacturing cost (direct labor plus direct materials) of units completed and transferred to Finished Goods Inventory. 5. Sale (on credit), for $190 per gallon, of 2,400 gallons of output. (Hint: You will need two journal entries here) (For all requirements, if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.)

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