Problem 7.58 (Algo) Tracing Costs in a Job Company (LO 7.2, 3) The following transactions occurred in Janusty at Aper Manufacturing. a custom parts suppliec Apex uses job costing. 1. Purchasod 554,900 in materiak on account 2. issued 52,700 in suppies trom the materies imentory to the production department. 3. Paid for the moteriss burchased in transiction m. 4. Itsued 526.700 in direct materials to the peoduction department. 5. Incumed wage costs of 554,000 , which mere debited to Payroll, a temporary account, Or this amount, 514,700 wis withteld for payret taxes and credeod to Payrol Tawes. Payable. The remaining $39.300 was paid in cash to the employees. See transactions (6) and (7) for odetional information about Payroli. 6. Recognized $22,000 in tringe beneft costs. incurted as a resut of the woges paid in (5). This $22,000 was debaed to Payroll and cledted to Fringe Benefits Payable. 7 Analyred the Payrol account and detemtined thst 60 percent represented direct labor, 30 percent, incirect manulacturing labor; and 10 percent, stministative and matketing costs 8. Paid for utithes, powec equipment maintenance, and other miscelianeous items for the manulocturing plant totaling $33,600. 9. Applied overhesd nn the bosis of 105 percent of direct labor costs. Q. Pecognized depreciaten of $18,450 on manufacturing peoperty, plant, and equipment. Required: a. Prepare journal entries to record these triansactions. b. The balances that appeared in the accourts of Apex Manufacturing are shown as tolows. Prepare Taccounts to show the flow of costs during the period. Complete this auestion by entering your answers in thn tabs below. frepare journai entries to record these transactions, (th no eatry is required for a transactian/event, select "No journal entry requicto" in the firt account field.) Journal entry worksheet Complete this question by entering youir answers in the tabs below. Prepare T-accounts to show the flow of costs during the period. 0