Wayne Company Has Gathered the Following Data for the First

Wayne Company has gathered the following data for the first year of its operations:
$\begin{array}{ll}\text { Direct materials purchased for cash } & \$ 26,000 \\\text { Direct materialsrequisitioned } & 20,000 \\\text { Direct- labor costs incurred } & 40,000 \\\text { Factory overhead costs incurred } & 35,000\\\text { Overhead applied ( } 90 \% \text { of direct labor) } & ? \\\text { Cost of goods completed } & 80,000 \\\text { Cost of goods sold } & 75,000 \\\text { Sales for cash } & 160,000\end{array}$ Prepare general journal entries for the above transactions.