The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $23,500 of materials on account. 2. Issued $1,550 of supplies from the materials inventory. 3. Purchased $12.700 of materials on account. 4. Pald for the materials purchased in transaction (1) using cash. 5. Issued $15,100 in direct materials to the production department. 6. Incurred direct labor costs of $27.500, which were credited to Wages Payable. 7. Paid $22.700 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant, 8. Applied overhead on the basis of 125 percent of $27.500 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $11,500. The following balances appeared in the accounts of Steve's Cabinets for April. Materials Inventory Work in Process Inventory Finished Goods Tnventory Cost of Goods Sold Bextinning Ending $31,890 ? 8,100 7 34,700 $29, 390 54,930 Required: a. Prepare Journal entries to record the transactions.. b. Prepare T-accounts to show the flow of costs during the period from Materiais Inventory through cost of Goods Sold Complete this question by entering your answers in the tabs below. 10 Next Beg bal Beg bal Finished Goods End, bal End bal Manutacturing Overhead Control Beg. bal Applied Manufacturing Overhead Beg bal End, bal End bal Accounts Payable Cash Beg bal Bog bal End bal End bal Wages Payable Accumulated Depreciation Property, Plant, and Equipment Prev 1 of 10 Next > Beg bal Beg bal End bal End bal Wages Payable Accumulated Depreciation Property, Plant, and Equipment Deg bal Beg bal End bal End bal Finished Goods Inventory Cost of Goods Sold Beg bal Goods completed Transfer to Cost of Goods Sold Bog bal Finished Goods Inventory End bal End ba