The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing. 1. Purchased $54,600 in materials on account. 2. Issued $2,400 in supplies from the materials inventory to the production department. 3. Paid for the materials purchased in transaction (1). 4. Issued $26,400 in direct materials to the production department. 5. Incurred wage costs of $51,000, which were debited to Payroll, a temporary account. Of this amount, $14,400 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $36,600 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 $33,300. 9. Applied overhead on the basis of 175 percent of direct labor costs. 10. Recognized depreciation of $18,150 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. Ending Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning $56,925 13,725 63,150 $ 51,600 103,275 Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry requi the first account field.) View transaction list Journal entry worksheet Record material purchases of $54,600 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Materials inventory 54,600 Accounts payable 54,600 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 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