Sunset Products manufactures skateboards. The following transactions occurred in March: 1. Purchased $28,000 of materials on account. 2. Issued $1,800 of supplies from the materials inventory. 3. Purchased $26,600 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $31,600 in direct materials to the production department. 6. Incurred direct labor costs of $33,000, which were credited to Wages Payable. 7. Paid $23,100 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 $6,600. 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 $ 11,400 18,100 66,600 Ending ? ? $38,100 74,600 Required: a. 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.) b. Prepare T-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. 0 End. bal. Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. Beg. bal. End. bal. $ 0 End. bal. Accounts Payable Cash Beg. bal. Beg. bal. End. bal. 0 End. bal. 0 Wages Payable Accumulated Depreciation Property, Plant, and Equipment Beg. bal. Beg. bal. End. bal. 0 End. bal. 0 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