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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 $83,500 of materials. 2. Paid $88,500 cash for utilives, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. 3. Issued $6.800 of supplies from the materials inventory. 4 . issued $91,500 in direct materials to the production department 5 . Incurred direct labor costs of $81,500, which were credited to Wages Payable. 6. Paid for the materials purchased in transaction (1). 7. Incurred $14,900 in indirect labor costs, which wre credited to Wages Payable B. Applied overhead on the basis of 155 percent of direct labor costs. 9 Recognized depreciation on manufacturing property, plant, and equipment of $19.000 10. Returned $1,400 of the materiais in transaction (3) to inventory. 11. Paid the for the wages incurred in transaction (5) The follovthog balances appeared in the accounts of Ervin Equipment for fanuary 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. Prepare joumat entries to record the transactions: Note: if ho entry is required for a transaction/ovent, select "Wo journar entry required" in the first account fleld

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