. 1. Purchased $24,500 of materials on account. 2. Issued $1,450 of supplies from the materials inventory 3. Purchased $25,900 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $30,900 in direct materials to the production department 6. Incurred direct labor costs of $29,500, which were credited to Wages Payable. 7. Paid $22,400 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing 8. Applied overhead on the basis of 120 percent of direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $5,900. The following balances appeared in the accounts of Sunset Products for March = Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning Ending $10,350 ? 17,400 65,900 $37,400 73,900 Required: a. Prepare journal entries to record the transactions b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. . Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required A Required B ................................ Prepare T-accounts to show the flow of costs during the period from Materials Inventory through cost of Goods Sold. ....................**** ............... Work In Process Inventory Beg, bal Beg bal. Materials Inventory 10,350 24,500 25,900 Finished Goods 1. 3 End, bal. 40.050 End bal. 0 Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. Beg bal. Prey 1 of 5 Next >