The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing. 1. Purchased $55,700 in materials on account. 2. Issued $3,500 in supplies from the materials inventory to the production department. 3. Paid for the materials purchased in transaction (1). 4. Issued $27,500 in direct materials to the production department. 5. Incurred wage costs of $62,000, which were debited to Payroll, a temporary account. Of this amount, $15,500 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $46,500 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll. 6. Recognized $30,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $30,000 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 $34,400. 9. Applied overhead on the basis of 150 percent of direct labor costs. 10. Recognized depreciation of $19,250 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 $58,575 15,375 64,250 $ 53,800 108,775 Prepare T-accounts to show the flow of costs during the period