The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing. 1. Purchased $55,000 in materials on account. 2. Issued $2,800 in supplies from the materials inventory to the production department. 3. Paid for the materials purchased in transaction (1). 4. Issued $26,800 in direct materials to the production department. 5. Incurred wage costs of $55,000, which were debited to Payroll, a temporary account. Of this amount, $14,800 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $40,200 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll. 6. Recognized $23,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $23,000 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 $33,700. 9. Applied overhead on the basis of 170 percent of direct labor costs. 10. Recognized depreciation of $18,550 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. Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning Ending $57,525 14,325 63,550 $52,400 105,275 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. Beg Bal End. Bal End. Bal. Payroll Payroll Taxes Payable Beg. Bal 4 End. Bal. Fringe Benefits Payable Beg. Bal. Administrative and Marketing Costs Beg Bal End. Bal. End.Bal. Accumulated Depreciation-Property, Plant, and Equipment Beg. Bal Beg. Bal End. Bal. Goods Completed End. Bal. Finished Goods Beg. Bal End. Bal Accumulated Depreciation-Property, Plant, and Equipment Beg Bal Goods Completed End. Bal Beg. Bal Goods Sold End. Bal. Cost of Goods Sold Finished Goods