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Sunset Products manufactures skateboards. The following transactions occurred in March. Purchased...

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Accounting

Sunset Products manufactures skateboards. The following transactions occurred in March.

  1. Purchased $24,000 of materials on account.

  2. Issued $1,400 of supplies from the materials inventory.

  3. Purchased $25,800 of materials on account.

  4. Paid for the materials purchased in transaction (1) using cash.

  5. Issued $30,800 in direct materials to the production department.

  6. Incurred direct labor costs of $29,000, which were credited to Wages Payable.

  7. Paid $22,300 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop.

  8. Applied overhead on the basis of 125 percent of direct labor costs.

  9. Recognized depreciation on manufacturing property, plant, and equipment of $5,800.

The following balances appeared in the accounts of Sunset Products for March.

Beginning Ending
Materials Inventory $ 10,200 ?
Work-in-Process Inventory 17,300 ?
Finished Goods Inventory 65,800 $ 37,300
Cost of Goods Sold 73,800

Required:

a. Prepare journal entries to record the transactions.

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