Check my work 11 8 points 1. Purchased $16,930 of materials on account. 2. Issued $16,710 in direct materials to the production department. 3. Issued $1,210 of supplies from the materials inventory. 4. Paid for the materials purchased in transaction (1) using cash. 5. Returned $2,180 of the materials issued to production in (2) to the materials inventory. 6. Direct labor employees earned $32,100, which was paid in cash. 7. Purchased miscellaneous items for the manufacturing plant for $17,370 on account. 8. Recognized depreciation on manufacturing plant of $36,300. 9. Applied manufacturing overhead for the month. & 01:20:46 eBook References 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 $434,600. Estimated overhead for the year was $404,178. The following balances appeared in the inventory accounts of Forest Components for July. Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning Ending $12,410 10,630 $2,600 7,070 7 74,200 Required: a. Prepare journal entries to record these transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. Check my work 11 Required A Required B 8 Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. points Materials Inventory Work-In-Process Inventory & 01:20:26 Beg. bal. Beg. bal. eBook Transferred to Finished Goods References End. bal 0 End. bal. 0 Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. Beg. bal. End. bal. 0 End. bal 0 Check my work 11 Accounts Payable Cash Beg. bal. Beg. bal. 8 points End. bal. 0 End. bal 0 8 01:19:56 Finished Goods Inventory Accumulated Depreciation Property, Plant, and Equipment Beg. bal. Beg. bal. eBook Goods completed Transfer to Cos Goods Sold References End. bal. 0 End. bal. 0 Cost of Goods Sold Beg. bal. Goods completed End. bal. 0