Sunset Products manufactures skateboards. The tollowing transactions occurred ih 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 7. Paid $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 Beginning Ending Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold $10,050 17,200 65,700 $37,200 73,700 Required a. Prepare journal entries to record the transactions. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchased $23,500 of materials. Wages Payable Accumulated Depreciation-Property, Plant, and Equipment Beg. bal. Beg. bal End. bal End. bal. 0 Finished Goods Inventory Cost of Goods Sold Beg. bal Goods completed End. bal Beg. bal Transfer to CostFinished Goods of Goods Sold nventory End. bal. 0