The following transactions occurred in January at Dungan Cabinetry, a furniture maker that uses job costing:1.Purchased $53,900 in materials on account.2.Issued $1,700 in supplies from the materials inventory to the production department.3.Paid for the materials purchased in (1).4.Issued $25,700 in direct materials to the production department.5.Incurred wage costs of $44,000, which were debited to Payroll, a temporary account. Of this amount, $13,700 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $30,300 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll.6.Recognized $23,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $23,000 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 $32,600.9.Applied overhead on the basis of 165 percent of direct labor costs.10.Recognized depreciation of $17,450 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 Dungan Cabinetry:

BeginningEnding Materials Inventory$55,875 Work-in-Process Inventory12,675 Finished Goods Inventory62,450$50,200 Cost of Goods Sold99,775Prepare T-accounts to show the flow of costs during the period.The following transactions occurred in January at Dungan Cabinetry, a furniture maker that uses job costing:Issued $1,700 in supplies from the materials inventory to the production department.Incurred wage costs of $44,000, which were debited to Payroll, a temporary account. Of this amount, $13,700 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $30,300 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll.Recognized $23,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $23,000 was debited to Payroll and credited to Fringe Benefits Payable.Analyzed the Payroll account and determined that 60 percent represented direct labor; 30 percent, indirect manufacturing labor; and 10 percent, administrative and marketing costs.Paid for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant totaling $32,600.Applied overhead on the basis of 165 percent of direct labor costs.Recognized depreciation of $17,450 on manufacturing property, plant, and equipment.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.) Prepare T-accounts to show the flow of costs during the period.