The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $20,500 of materials on account. 2. Issued $1,250 of supplies from the materials inventory. 3. Purchased $12,100 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $14,500 in direct materials to the production department. 6. Incurred direct labor costs of $24,500, which were credited to Wages Payable. 7. Paid $22,100 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 125 percent of $24,500 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $10,900. The following balances appeared in the accounts of Steve's Cabinets for April. Materials Inventory Beginning Ending $30,990 ? Work-in-Process Inventory 7,500 ? 34,100 $29,090 54,030 Finished Goods Inventory Cost of Goods Sold Required: a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. Journal entry worksheet > A B C D E F G H I > Purchased $20,500 of materials on account. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Required A Required B Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. Beg. bal. End. bal. Materials Inventory Beg. bal. End. bal. Work-In-Process Inventory Finished Goods Manufacturing Overhead Control Beg. bal. Applied Manufacturing Overhead Beg. bal. End. bal. End. bal. 0 Accounts Payable Beg. bal. Cash Beg. bal. End. bal. End. bal. Wages Payable Accumulated Depreciation-Property, Plant, and Equipment Beg. bal. Beg. bal. End. bal 0 End. bal. Finished Goods Inventory Cost of Goods Sold Beg. bal. Beg. bal. Goods completed Transfer to Cost of Goods Sold Finished Goods Inventory End. bal. 0 End. bal. 0