The following events occurred over the course of a year at Sheridan Corp, which uses a job order costing system. 1. Direct materials purchases totaled 3583,000. Sheridan Corp tracks its direct materials separately from its indirect materials Purchases were made on account 2. $133,000 of indirect materials were used in production. Sheridan uses a separate Supplies triventory account for indirect materials 3. $558,000 of direct materials were used in production 4. The direct labor payroll was $791,000 (credit Wages Payable) 5. Other manufacturing overhead costs incurred during the year totaled $676,000, & Sheridan applies overhead based on a predetermined overhead rate of $23 per machine hour. The company used $2,000 machine hours during the year. 7. During the year, Sheridan transferred goods costing $2.470,000 into the Finished Goods Inventory account Sheridan sold products with a manufacturing cost of $2,398.000 to customers during the year 8 Prepare T-accounts for the following accounts: Direct Materials Inventory, Work in Process Invertory, Manufacturing Overhead Control, and Finished Good Inventory. Record the transactions from part (a) in the T-accounts and calculate ending account balances. Assume the following beginning account balances (Post entries in order presented in the problem Account Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Balance $31.000 $20,000 $46,000 Direct Materials Inventory Work In Process Inventory Manufacturing Overhead