Extracted text: Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. Beg. bal. End. bal. End. bal. Accounts Payable Cash Beg. bal. 4. Beg. bal. 19,000 19,000 1. 11,800 3. End. bal. 11,800 End. bal. Wages Payable Accumulated Depreciation-Property, Plant, and Equipme Beg. bal. Beg. bal. End, bal. End. bal. Finished Goods Inventory Cost of Goods Sold Beg. bal. Beg. bal. Finished Goods Inventory End. bal. Transfer to Cost of Goods Sold Goods completed End, bal. < required="" a="">
Extracted text: The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 1. Purchased $19,000 of materials on account. 2. Issued $1,100 of supplies from the materials inventory. 3. Purchased $11,800 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. 5. Issued $14,200 in direct materials to the production department. 6. Incurred direct labor costs of $23,000, which were credited to Wages Payable. 7. Paid $21,800 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 125 percent of $23,000 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $10,600. The following balances appeared in the accounts of Steve's Cabinets for April. Deginning Ending $30,540 Materials Inventory Mork-in-Process Inventory Tinished Goods Inventory Cont of Goods sold 7,200 33,800 $28,940 53,50 Required: 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. 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 from Materials Inventory through Cost of Goods Sold Materials Inventory Work-in Process inventory 7.200 Beg. bal 30,540 Beg bal 19.000 1,100 2 1,100 Finshed Good 11.800 14,2006 14.200 28,750 End. bal 46.040 23,000 End. bal 74,205 Manufacturing Overhead Centrol Applied Manufacturing Overhead eg bal, Beg bal End bal End bel Accounts Payabla Cash Bea tal Bea bal