The following transactions occurred in October at Pawnee Workshops, a custom manufacturer of furniture: 1. Purchased $16,000 of materials. 2. Issued $800 of supplies from materials inventory. 3. Purchased $11,200 of materials. 4. Paid for materials purchased in transaction (1) 5. Issued $13,000 in direct materials to the production department. 6. Incurred direct labor costs of $20,000, which were credited to Wages Payable. 7. Paid $21,200 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 125 percent of $20,000 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $10,000. The following balances appeared in the accounts of Pawnee Workshops for October: Beginning Ending Materials Inventory $29,640 Work-in-Process Inventory 6,600 Finished Goods Inventory 33,200 $28,640 Costs of Goods Sold 52,680 a. Prepare journal entries to record the transactions. b. Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold