Ervin Equipment, a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurred in January: 1. Purchased $83,500 of materials. 2. Paid $88,500 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. 3. Issued $6,800 of supplies from the materials inventory. 4. Issued $91,500 in direct materials to the production department. 5. Incurred direct labor costs of $81,500, which were credited to Wages Payable. 6. Paid for the materials purchased in transaction (1). 7. Incurred $14,900 in indirect labor costs, which were credited to Wages Payable. 8. Applied overhead on the basis of 155 percent of direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $19,000. 10. Returned $1,400 of the materials in transaction (3) to inventory. 11. Paid the for the wages incurred in transaction (5). The following balances appeared in the accounts of Ervin Equipment for January: 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. Complete this question by entering your answers in the tabs belaw. Prepare Taccounts to shew the flow of cests ouring the period from Materais Inventory through Cost ef Geods Sold