Edwin Parts, a job shop, recorded the following transactions in May: 1. Purchased $87,200 in materials on account. 2. Issued $3,650 in supplies from the materials inventory to the production department. 3. Issued $43,600 in direct materials to the production department. 4. Paid for the materials purchased in transaction (1). 5. Incurred wage costs of $67,200, which were debited to Payroll, a temporary account. Or this amount, $22,300 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $44,900 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll. 6. Recognized $34,700 in fringe benefit costs, incurred as a result of the wages paid in (5). This $34,700 was debited to Payroll and credited to Fringe Benefits Payable. 7. Analyzed the Payroll account and determined that 65 percent represented direct labor; 15 percent, indirect manufacturing labor; and 20 percent, administrative and marketing costs. 8. Applied overhead on the basis of 140 percent of direct labor costs. 9 Paid for utilities, power, equipment maintenance, and other miscellaneous itemb for the manufocturing plant totaling $41,300. 10. Recognized depreciation of $26,300 on manufacturing property, plant, and equipment. Required: a. Prepare journal entries to record these transactions. b. The balances that appeared in the accounts of Edwin Parts are shown as follows. Prepare T-accounts to show the flow of costs during the period. Complete this question by entering your answers in the tabs below. Prepare T-accounts to show the flow of costs during the period. Fringe Benefits Payable \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Debit } & Credit & \\ \hline Beginning Balance & 0 & & \\ \hline & & 34,700 & 6. \\ \hline & & & \\ \hline Ending Balance & & 34,700 & \\ \hline \end{tabular} Accumulated Depreciation-Property, Plant, and Equipment \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Debit } \\ \hline \multirow[t]{2}{*}{ Beginning Balance } & & \\ \hline & 26,300 & 10. \\ \hline= & & \\ \hline Ending Balance & 26,300 & \\ \hline \end{tabular} Administrative and Marketing Costs Reenulied A meativin