Sunset Products manufactures skateboards. The following transactions occurred in March. 1. Purchased $30,000 of materials on account. 2. Issued $2,000 of supplies from the materials inventory. 3. Purchased $27.000 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash, 5. Issued $32,000 in direct materials to the production department. 6. Incurred direct labor costs of $35,000, which were credited to Wages Payable. 7. Paid $23,500 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. 8. Applied overhead on the basis of 110 percent of direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $7,000. The following balances appeared in the accounts of Sunset Products for March. Beginning Ending Materials Inventory $12,000 Work-in-Process Inventory 18,500 Finished Goods Inventory 67,000 $38,500 Cost of Goods Sold 75,000 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 Solo yuwu 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 journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchased $30,000 of materials on account Tito Enter debits before credits Required A Required B Prepare l-accounts to show the flow of costs during the period from Materials Inventory through cost of Goods Sold. Materials Inventory Work In Process Inventory Beg bal Beg bal Finished Goods End, bal End bal Manufacturing Overhead Control Applied Manufacturing Overhead Beg bal Bog bat End bal End bal Accounts Payable Cash Beg bal Beg bal End bal End bal. Wages Payable Accumulated Depreciation--Property, Plant, and Equipment Beg bal Beg. bal. End bal End, bal Finished Goods Inventory Cost of Goods Sold Beg bal Bog bal Goods completed Transfer to Cost of Goods Sold Finished Goods Inventory End bal End, bal