The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing. 1. Purchased $54,700 in materials on account 2. Issued $2,500 in supplies from the materials inventory to the production department 3. Paid for the materials purchased in transaction (1). 4. Issued $26.500 in direct materials to the production department. 5. Incurred wage costs of $52,000, which were debited to Payroll, a temporary account. Of this amount, $14,500 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $37,500 was paid in cash to the employees. See transactions (6) and (7) for additional Information about Payroll. 6. Recognized $20,600 in fringe benefit costs, incurred as a result of the wages paid in (5). This $20,000 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. Pold for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant totaling $33,400 9. Applied overhead on the basis of 180 percent of direct labor costs. 10. Recognized depreciation of $18,250 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 Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning $57,075 13,875 63,250 $ 51,800 103,775 Required A Required B Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transactionat Journal entry werksheet F G H J > Record material purchases of $54,700 on account. Noter Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Required A Required B Prepare T-accounts to show the flow of costs during the period. Materials Inventory Work-in-Process Inventory Beg. Bal Beg. Bal Goods Completed End. Bal. End. Bal Manufacturing Overhead Control Applied Manufacturing Overhead Beg. Bal Bog. Bal End. Bal. End. Bal Accounts Payable Cash Beg. Bal Bog. Bal End. Bal End. Bal Payroll Payroll Taxes Payable Beg. Bal Bog. Bal