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Ervin Equipment, a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurred in January: 1. Purchased $86,000 of materials. 2. Paid $91,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. 3. Issued $7,300 of supplies from the materials inventory. 4. Issued $94,000 in direct materials to the production department. 5. Incurred direct labor costs of $84,000, which were credited to Wages Payable. 6. Pald for the materials purchased in transaction (1). 7. Incurred $15,400 in indirect labor costs, which were credited to Wages Payable. 8. Applied overhead on the basis of 155 percent of direct labor costs. 9. Recognized depreciation on manufacturing property, plant, and equipment of $19,500. 10. Returned $1,500 of the materials in transaction (3) to inventory. 11. Paid the for the wages incurred in transaction (5). The following balances appeared in the accounts of Ervin Equipment for January: 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. Journal entry worksheet D Note: Enter debits before credits. Journal entry worksheet D E F G H. Paid $91,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. Note: Enter debits before credits. Journal entry worksheet Issued $7,300 of supplies from the materials inventory. Note: Enter debits before credits. Journal entry worksheet Issued $94,000 in direct materials to the production department. Note: Enter debits before credits. Journal entry worksheet Incurred direct labor costs of $84,000, which were credited to Wages Payable. Note: Enter debits before credits. Journal entry worksheet Paid for the materials purchased in transaction (1). Note: Enter debits before credits. Journal entry worksheet Incurred $15,400 in indirect labor costs, which were credited to Wages Payable. Note: Enter debits before credits. Journal entry worksheet Applied overhead on the basis of 155 percent of direct labor costs. Note: Enter debits before credits. Prepare journal entries to record the transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fie Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Returned $1,500 of the materials in transaction (3) to inventory. Note: Enter debits before credits. Prepare journal entries to record the transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Required A Roguired of

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