Sunset Products manufactures skateboards. The following transactions occurred in March. 1 Purchased $23,500 of materials on account. 2. Issued $1.350 of supplies from the materials inventory. 3. Purchased $25,700 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $30,700 in direct materials to the production department. 6. Incurred direct labor costs of $28,500, which were credited to Wages Payable. Z. Pald $22.200 cash for utilities, power, equipment maintenance, and other miscellaneous Items for the manufacturing shop. 8. Applied overhead on the basis of 120 percent of direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $5.700. The following balances appeared in the accounts of Sunset Products for March. Materials Inventory Work in Process Inventory Finished Goods Inventory cost of Goods Sold Beginning Ending $1e, ese 17,200 65,700 $37,200 73,700 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. O M Sim Materials Inventory Work in Process inventory Bog bal Beg bal Finished Goods End bal End, bal 0 Manufacturing Overhead Control Beg bal Applied Manufacturing Overhead Beg bal End bal $ End 0 Accounts Payable Cash Bog to Beg bal End bal 0 End bal 0 Wages Payable Ben bal Accumulated Depreciation Property, Plant, and Equipment Bea bal ED Accounts Payable Beg bal Beg bal End bal End bal 0 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 Goods completed Transfer to Cost of Goods Sold Beg bal Finished Goods Inventory End bal End bal 0 0