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 $20,000 in fringe benefit costs, incurred as a result of the wages paid in (5).

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 $33,400.

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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. The following balances appeared in the accounts of Apex Manufacturing:

	Beginning			Ending
Materials Inventory	$	57,075
Work-in-Process Inventory		13,875
Finished Goods Inventory		63,250		$	51,800
Cost of Goods Sold					103,775

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

Materials Inventory
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Manufacturing Overhead Control
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Work- in process Inventory
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Applied Manufacturing Overhead
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Accounts Payable
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Cash
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Payroll
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Payroll Taxes
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Fringe Benefit Payable
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Accumulated Depreciation
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Administrative Marketing Cost
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Finished Goods
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Cost of Goods Sold
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