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The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $19,500 of materials on account. 2. Issued $1,150 of supplies

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The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $19,500 of materials on account. 2. Issued $1,150 of supplies from the materials inventory. 3. Purchased $11.900 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $14.300 in direct materials to the production department. 6. Incurred direct labor costs of $23,500, which were credited to Wges Payable. 7. Paid $21,900 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 130 percent of $23,500 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $10.700. The following balances appeared in the accounts of Steve's Cabinets for April. Required: o. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the perlod from Materials Inventory through Cost of Goods Sold. Complete this question by entering your answers in the tabs below

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