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

1. Purchased $75,180 in materials on account.
2. Issued $2,100 in supplies from the materials inventory to the production department.
3. Paid for the materials purchased in transaction (1).
4. Issued $35,700 in direct materials to the production department.
5. Incurred wage costs of $58,800, which were debited to Payroll, a temporary account. Of this amount, $18,900 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $39,900 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll.
6. Recognized $29,400 in fringe benefit costs, incurred as a result of the wages paid in (5). This $29,400 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 $45,360.
9. Applied overhead on the basis of 175 percent of direct labor costs.
10. Recognized depreciation of $24,150 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	$	77,805
Work-in-Process Inventory		17,325
Finished Goods Inventory		87,150		$	69,720
Cost of Goods Sold					138,285

Prepare T-accounts to show the flow of costs during the period.

PART A

Prepare journal entries to record these transactions.

**Please see example**

*General Journal Dropdown Menu Options

- No journal entry required

- Accounts payable

- Accounts receivable

- Accumulated depreciation- property, plant and equipment

- Administrative and marketing costs

- Applied manufacturing overhead

- Cash

- Cost of goods sold

- Equipment

- Fringe benefits payable

- Interest payable

- Inventory

- Manufacturing overhead control

- Material inventory

- Payroll

- Payroll taxes payable

- Work in process- direct labor

- Work in process- direct materials

- Work in process- overhead

PART B

Prepare T-accounts to show the flow of costs during the period.

* Please note only fields with blue arrows are fillable.

* Columns A and D are dropdown menus for Transactions 1-10.

**Please see examples**

Note: Enter debits before credits. Transaction General Journal Debit Credit 1 No journal entry required Accounts payable Accounts receivable Accumulated depreciation-property, plant, and equipment Record er jeneral Journal 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 required" in the first account field.) View transaction list Journal entry worksheet Record material purchases of $75,180 on account. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 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 required" in the first account field.) View transaction list Journal entry worksheet A B D E TI H > Record issue of $2,100 supplies of material to production department. Note: Enter debits before credits. General Journal Transaction 2 Debit Credit 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 required" in the first account field.) View transaction list Journal entry worksheet A B D E H > Record payment made for $75,180 purchase on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 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 required" in the first account field.) View transaction list Journal entry worksheet Record issue of $35,700 direct material to production department. Note: Enter debits before credits. General Journal Debit Credit Transaction 4 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 required" in the first account field.) View transaction list Journal entry worksheet Record wage cost incurred $58,800 of which $18,900 was payable as taxes. Note: Enter debits before credits. Transaction General Journal Debit Credit 5 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 required" in the first account field.) View transaction list Journal entry worksheet B D E F G H > Record payroll cost of which 60% represents direct labor, 30% indirect manufacturing labor and 10% administrative and marketing costs. Note: Enter debits before credits. General Journal Debit Credit Transaction 7 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 required" in the first account field.) View transaction list Journal entry worksheet Record payment of $45,360 for utilities, maintenance etc. Note: Enter debits before credits. General Journal Debit Credit Transaction 8 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 required" in the first account field.) View transaction list Journal entry worksheet Record application of manufacturing overhead at 175% of direct labor cost. Note: Enter debits before credits. Transaction General Journal Debit Credit 9 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 required" in the first account field.) View transaction list Journal entry worksheet A B ( D E F H J Record depreciation of $24,150 on manufacturing plant and equipment. Note: Enter debits before credits. Transaction 10 General Journal Debit Credit Required A Required B Prepare T-accounts to show the flow of costs during the period Materials Inventory Beg. Bal. 1. 2. 3. nufacturing Overhead Control 4. Required A Required B Prepare T-accounts to show the flow of costs during the period. Materials Inventory Beg. Bal. End. Bal. 2. i i mi i Manufacturing Overhead Control Beg. Bal. 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. 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. Finished Goods Accumulated Depreciation-Property, Plant, and Equipment Beg. Bal. Beg. Bal. Goods Completed End. Bal. End. Bal. Cost of Goods Sold Beg. Bal. Goods Sold End. Bal