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On part B it showing I missed something, can you please check what is missing? Forest Components makes aircraft parts. The following transactions occurred in

On part B it showing I missed something, can you please check what is missing?

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Forest Components makes aircraft parts. The following transactions occurred in July: 1. Purchased $16,950 of materials on account. 2. Issued $16,760 in direct materials to the production department. 3. Issued $1,380 of supplies from the materials inventory 4. Paid for the materials purchased in transaction (1) using cash. 5. Returned $2,190 of the materials issued to production in (2) to the materials inventory. 6. Direct labor employees earned $31,700, which was paid in cash 7. Paid $17,200 for miscellaneous items for the manufacturing plant. Accounts Payable was credited. 8. Recognized depreciation on manufacturing plant of $35,800. 9. Applied manufacturing overhead for the month. Forest uses normal costing. It applies overhead on the basis of direct labor costs using an annual, predetermined rate. At the beginning of the year, management estimated that direct labor costs for the year would be $434,900. Estimated overhead for the year was $404,457 The following balances appeared in the inventory accounts of Forest Components for July: Beginning Ending Materials Inventory ? 12,500 Finished Goods Inventory Cost of Goods Sold $2,610 6,940 73,600 Required a. Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete and correct. No Transactions General Journal Debit Credit Materials inventory 16,950 Accounts payable 16,950 Work-in-process direct materials 16,760 Materials inventory 16,760 Manufacturing overhead control 1,380 Materials inventory ,380 Accounts payable 16,950 Cash 16,950 Materials inventory 2,190 Work-in-process-direct materials 2,190

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