During the month of April 2020, Xylon Inc. commenced manufacturing of a product called Argon. The following transactions took place.

April 1, stockholders paid cash for 100 million stocks with par value of $1 per share and market price of $11 per share.

April 1, purchased machinery and Equipment for $40 million cash (Monthly depreciation is 2.5% of cost).

April 1, purchased raw materials ($50 million direct materials, $4 million indirect materials) for $54 million cash and all materials moved into production immediately.

April 20 the company records applied overhead at the rate of 80% of direct material costs

April 28, paid cash for manufacturing labor services, $112 million ($100 million direct labor and $12 million indirect labor).

April 30, actual costs of other overhead items was calculated to be $34 million.

April 30, all the goods charged into production were completed and moved to Finished Goods Inventory Account.

April 30, 90% of the completed goods were sold for cash at a markup of 20 % of the cost before adjusting for over or under applied overhead costs.

Required: Make the relevant T Accounts entries to record these transactions from the beginning to the closing of the temporary accounts at the end of April, assuming that the discrepancy between applied and actual overhead is NOT considered substantial. Assume no taxes and ignore other costs.