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CoursHeroTranscribedText: The following transactions occurred in April at Steve's Cabinets, a custom cabinet firm. 4.28 1. Purchased $17,000 of materials on account. points 2. Issued $900 of supplies from the materials inventory. 3. Purchased $11,400 of materials on account. 4. Paid for the materials purchased in transaction (1) using cash. eBook 5. Issued $13,800 in direct materials to the production department. 6. Incurred direct labor costs of $21,000, which were credited to Wages Payable. References 7. Paid $21,400 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant. 8. Applied overhead on the basis of 125 percent of $21,000 direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $10,200. The following balances appeared in the accounts of Steve's Cabinets for April. Beginning Ending Materials Inventory $29, 940 Work -in -Process Inventory 6, 800 Finished Goods Inventory 33, 400 $28, 740 Cost of Goods Sold 52 , 980 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. Si Graw Pre.v. 1 of 7 Next > Hill

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