The following transactions occurred at Arrow Space, Inc., a small defense contractor that uses job costing: a. Purchased 3:? I .600 in raw material on account. I}. Issued $2.000 in supplies (indirect material) from raw-material inventory to the production department. {2. Paid for the raw material purchased in {a}. 11. Issued $34,000 in raw material to the production department. e. Incurred wage costs of $56,000, which were debited to Payroll. a temporary account. Of this amount. $l 3.000 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining 5330(1) was paid in cash to the employees. See transactions (1') and lg] for additional information about the Payroll account. 1'. Recognized $28,030 in fringe benet costs, incurred as a result of the wages paid in (c). This $23,000 was debited to Payroll and credited to Fringe Benets Payable. g. Analyzed the Payroll account and determined that 40 percent represented production labor; 40 per- cent manufacturing support (overhead) labor; and 20 percent administrative and marketing costs. h. Paid for utilities, power, equipment maintenance, and other overhead items for the manufacturing plant totaling $43,200. i. Recognized depreciation of $21.000 on manufacturing property, plant, and equipment. j. Applied manufacturing overhead on the basis of 400 percent of production labor costs. Required Prepare T-accounts to show the flow of costs during the period. The following balances appeared in Arrow Space's accounts before closing temporary accounts: Beginning Ending Raw-material inventory $74, 100 Work-in-process inventory 16,500 Finished-goods inventory 83,000 $ 66,400 Cost of goods sold 131,700