Sunset Products manufactures skateboards. The following transactions occurred in March. 1. Purchased $24,500 of materials on account. 2. Issued $1,450 of supplies from the materials inventory 3. Purchased $25,900 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $30,900 in direct materials to the production department. 6. Incurred direct labor costs of $29,500, which were credited to Wages Payable. 7. Paid $22,400 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 $5,900. 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 $10,350 17,400 65,900 $37,400 73,900 Required: a. Prepare journal entries to record the transactions