1. Purchased $16,860 of materials on account. 2. Issued $16,720 in direct materials to the production department. 3. Issued $1,280 of supplies from the materials inventory. 4. Paid for the materials purchased in transaction (1) using cash. 5. Returned $2,000 of the materials issued to production in (2) to the materials inventory. 6. Direct labor employees earned $32,200, which was paid in cash. 7. Purchased miscellaneous items for the manufacturing plant for $17,260 on account. 8. Recognized depreciation on manufacturing plant of $36,100. 9. Applied manufacturing overhead for the month. Forest uses normal costing. It applies overhead on the basis of direct labor costs using an annual, predetermined rate. At the beginning of the year, management estimated that direct labor costs for the year would be $434,100. Estimated overhead for the year was $421,077. The following balances appeared in the inventory accounts of Forest Components for July. Beginning Ending Materials Inventory ? $12,450 Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold ? 10,510 $2,720 7,050 ? 74,600