firm. 1. Purchased $80,000 of materials on account. 2. Issued $4,000 of supplies from the materials inventory 3. Purchased $56,000 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $68,000 in direct materials to the production department. 6. Incurred direct labor costs of $100,000, which were credited to Wages Payable. 7. Paid $106,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 125 percent of $100.000 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $50,000 The following balances appeared in the accounts of Steve's Cabinets for April Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning Ending $148,200 ? 33,000 ? 166,000 $143,200 263,400 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 below. Required A Required B Prepare T-accounts to show the flow of costs during the period from Materials Invento Materials Inventory 148,200 Beg. b Beg bal End, bal 148,200