Ervin Equipment a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurted in January 1. Purchased $78,500 of moterials 2. Paid $83,500 cash for utities, power, euipment maintenance, and other miscellancous items for the manufacturing shop 3 issued $5,800 of supplies from the matentak invoritory 4 issued $84,500 in diroct materiats to the production deportment 5 incurred diect laber costs of $76,500, which were credited to Woges Payable 6. Paid for the materials purchased in transaction (t) 7 incurred $13,900 in indrect labor costs, which were ciedited to Wages Payable 8 Applied overhead on the bosit of 155 percent of direct labor costs 9. Recognized depreciaton on manulacturing property, plant, and equipment of $18,000 10 Peturned $1,200 of the materials in transection (3) to inventory. 11. Paid the for the wages incurred in transiaction (5) The following balances appeared in the accounts of Ervin Equipment for January. Required: - Prepue fournal entries to record the transactions b. Prepace F-accounts to show the flow of costs during the period trom Matenals inventory through Cost of Goods Sold