The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing 1. Purchased $54,100 in materials on account. 2. Issued $1,900 in supplies from the materials inventory to the production department. 3. Paid for the materials purchased in transaction (1). 4. Issued $25,900 in direct materials to the production department. 5. Incurred wage costs of $46,000, which were debited to Payroll, a temporary account. Of this amount, $13,900 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $32,100 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll. 6. Recognized $25,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $25,000 was debited to Payroll and credited to Fringe Benefits Payable. 7. Analyzed the Payroll account and determined that 60 percent represented direct labor; 30 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 $32,800. 9. Applied overhead on the basis of 175 percent of direct labor costs. 10. Recognized depreciation of $17,650 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. Beginning Ending Materials Inventory $56,175 Work-in-Process Inventory 12,975 Finished Goods Inventory Cost of Goods Sold 62,650 $ 50,600 100,775 Prepare T-accounts to show the flow of costs during the period. Complete this question by entering your answers in the tabs below. Required A Required B Prepare T-accounts to show the flow of costs during the period. Beg Bal End Bal Materials Inventory Work-in-Process Inventory Beg Bal Goods Completed End Bal Manufacturing Overhead Control Beg Bal Applied Manufacturing Overhead Beg Bal End Bal End. Bal Accounts Payable Beg Bal Cash Beg Bal End. Bal. End Bal Payroll Beg Bal Payroll Taxes Payable Beg Bal End Bal End Bal Fringe Benefits Payable Beg Bal Administrative and Marketing Costs Beg Bal End. Bal End Bal. Accumulated Depreciation-Property, Plant, and Equipment Finished Goods Beg Bal Beg Bal Goods Completed Fringe Benefits Payable Beg Bal Administrative and Marketing Costs Bog Bal End Bal End Bal Accumulated Depreciation-Property, Plant, and Equipment Beg Bal Beg Bal Goods Completed End Bal Beg. Bal Goods Sold End Bal Cost of Goods Sold End Bal Finished Goods