The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing.

1. Purchased $55,600 in materials on account.
2. Issued $3,400 in supplies from the materials inventory to the production department.
3. Paid for the materials purchased in transaction (1).
4. Issued $27,400 in direct materials to the production department.
5. Incurred wage costs of $61,000, which were debited to Payroll, a temporary account. Of this amount, $15,400 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $45,600 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll.
6. Recognized $29,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $29,000 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 $34,300.
9. Applied overhead on the basis of 160 percent of direct labor costs.
10. Recognized depreciation of $19,150 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	$	58,425
Work-in-Process Inventory		15,225
Finished Goods Inventory		64,150		$	53,600
Cost of Goods Sold					108,275

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.					Beg. Bal.
					End. Bal.
End. Bal.
Accounts Payable					Cash
Beg. Bal.					Beg. Bal.
End. Bal.
					End. Bal.
Payroll					Payroll Taxes Payable
Beg. Bal.					Beg. Bal.
					End. Bal.
End. Bal.
Fringe Benefits Payable					Administrative and Marketing Costs
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.
Accumulated Depreciation-Property, Plant, and Equipment					Finished Goods
Beg. Bal.					Beg. Bal.
					Goods Completed
End. Bal.					End. Bal.
Cost of Goods Sold
Beg. Bal.
Goods Sold
End. Bal.