The following transactions occurred in January at Apex Manufacturing, a custom parts supplier Apex uses job costing 1. Purchased $54,400 in materials on account. 2. Issued $2.200 in supplies from the materials inventory to the production department 3. Pald for the materials purchased in transaction (1) 4. Issued $26,200 in direct materials to the production department. 5. Incurred wage costs of $49.000, which were debited to Payroll, a temporary account of this amount. $14.200 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $34,800 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll 6. Recognized $28,000 in fringe benefit costs, incurred as a result of the wages paldin (5). This $28,000 was debited to Payroll and credited to Fringe Benefits Payable. 7. Analyzed the Payroll account and determined that 70 percent represented direct labor; 20 percent, indirect manufacturing labor and 10 percent, administrative and marketing costs. 8. Paid for utilities, power, equipment maintenance, and other miscellaneous Items for the manufacturing plant totaling $33,100. 9. Applied overhead on the basis of 150 percent of direct labor costs 10. Recognized depreciation of $17.950 on manufacturing property, plant, and equipment. Required: a. Prepare journal entries to record these transactions b. The balances that appeared in the accounts of Apex Manufacturing are shown as follows Ending Materials Inventory Werk-In-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning $56,625 13,425 62,950 $ 51,200 102,275 Accounts Payable Cash Bog Bal Beg Bal End Bal End Bal Payroll Payroll Taxes Payable Beg Bal Bog Bal End Bal End Bal Fringe Benefits Payable Administrative and Marketing Costs Beg Bal Beg Bal End Bal End Bal Finished Goods Accumulated Depreciation Property, plant, and Equipment Bog Bal Beg Bal Goods Completed End Bal End Bal Cost of Goods Sold Beg Ba Goods Sold End Bal