The following transactions occurred in April at Steves Cabinets, a custom cabinet firm:

1. Purchased $22,000 of materials on account.

2. Issued $1,400 of supplies from the materials inventory.

3. Purchased $12,400 of materials on account.

4. Paid for the materials purchased in transaction (1) using cash.

5. Issued $14,800 in direct materials to the production department.

6. Incurred direct labor costs of $26,000, which were credited to Wages Payable.

7. Paid $22,400 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant.

8. Applied overhead on the basis of 125 percent of $26,000 direct labor costs.

9. Recognized depreciation on manufacturing property, plant, and equipment of $11,200.

The following balances appeared in the accounts of Steves Cabinets for April:

	Beginning			Ending
Materials Inventory	$	31,440			?
Work-in-Process Inventory		7,800			?
Finished Goods Inventory		34,400		$	29,240
Cost of Goods Sold					54,480

Required:

a. Prepare journal entries to record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• 1

  Purchased $22,000 of materials.

• 2

  Issued $1,400 of supplies from the materials inventory.

• 3

  Purchased $12,400 of materials.

• 4

  Paid for the materials purchased in transaction (1).

• 5

  Issued $14,800 in direct materials to the production department.

• 6

  Incurred direct labor costs of $26,000, which were credited to Wages Payable.

• 7

  Paid $22,400 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant.

• 8

  Applied overhead on the basis of 125 percent of $26,000 direct labor costs.

• 9

  Recognized depreciation on manufacturing property, plant, and equipment of $11,200.

b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold.