The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $80,000 of materials on account. 2. Issued $4,000 of supplies from the materials inventory 3. Purchased $56,000 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $68,000 in direct materials to the production department. 6. Incurred direct labor costs of $100,000, which were credited to Wages Payable. 7. Paid $106,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 125 percent of $100,000 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $50,000 The following balances appeared in the accounts of Steve's Cabinets for April Ending Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning $148,200 33,000 166,000 $143,200 263,400 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. Complete this question by entering your answers in the tabs below. Required A Required B Colac Natural entry tren in Hepi SHOW le low UI LUSIS uuring the period from Materials Inventory through cost of GO005 Sold. Materials Inventory Work-In-Process Inventory Beg. bal. L Beg. bal. Finished Goods End, bal End. bal. Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. Beg. bal. End. bal. End, bal. Accounts Payable Cash Beg. bal. Beg bal End, bal. End, bal Wages Payable Accumulated Depreciation Property. Plant, and Equipment Beg bal. Bog bal. End bal End, bal. 5 and 7 A Saved End. bal. End. bal. Accounts Payable Cash Beg. bal. Beg, bal End, bal End, bal Wagos Payable Accumulated Depreciation Property, Plant, and Equipment Beg bal. Bog. bal End, bal End. bal. Finished Goods Inventory Cost of Goods Sold Beg. bal. Goods completed Transfer to Cost of Goods Sold Beg. bal Finished Goods Inventory End, bal End, bal ( Required A Required