$1.$ Purchased $\backslash (\backslash$$ $16,870\backslash )$ of materials on account.

$2.$ Issued $\backslash (\backslash$$ $16,880\backslash )$ in direct materials to the production department.

$3.$ Issued $\backslash (\backslash$$ $1,330\backslash )$ of supplies from the materials inventory.

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

$5.$ Returned $\backslash (\backslash$$ $2,200\backslash )$ of the materials issued to production in $(2)$ to the materials inventory.

$6.$ Direct labor employees earned $\backslash (\backslash$$ $31,600\backslash ),$ which was paid in cash.

$7.$ Purchased miscellaneous items for the manufacturing plant for $\backslash (\backslash$$ $17,200\backslash )$ on account.

$8.$ Recognized depreciation on manufacturing plant of $\backslash (\backslash$$ $35,400\backslash ).$

$9.$ Applied manufacturing overhead for the month.

Forest uses normal costing. It applies overhead on the basis of direct labor costs using an annual, predetermined rate. At the beginning of the year, management estimated that direct labor costs for the year would be $\backslash (\backslash$$ $435,800\backslash ).$ Estimated overhead for the year was $\backslash (\backslash$$ $409,652\backslash )$

The following balances appeared in the inventory accounts of Forest Components for July.

$\backslash$begin$\{$tabular$\}\{$lcr$\}$

& Beginning & Ending $\backslash \backslash$

Materials Inventory & $\backslash (?\backslash )$ & $\backslash (\backslash$$ $12,469\backslash )\backslash \backslash$

Work$-$in$-$Process Inventory & $\backslash (?\backslash )$ & $10,539\backslash \backslash$

Finished Goods Inventory & $\backslash (\backslash$$ $2,620\backslash )$ & $6,919\backslash \backslash$

Cost of Goods Sold & $\backslash (?\backslash )$ & $75,389$

$\backslash$end$\{$tabular$\}$

Required:

a$.$ Prepare journal entries to record these 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.

Required $\backslash ($ A $\backslash )$

Required B

Prepare T$-$accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$Materlala Inventory$\}$ & $\backslash$multicolumn$\{4\}\{|$c$|\}\{$Work$-$In$-$Procese Inventory$\}\backslash \backslash$

$\backslash$hline Beg. bal. & $11,600$ & & & Beg. bal. & $3$ & & $\backslash \backslash$

$\backslash$hline $1.$ & $16,870$ & $16,880$ & $2.$ & $2.$ & $16,860$ & $2,200$ & $5\mathrm{.}2\backslash \backslash$

$\backslash$hline $5\mathrm{.}0$ & $\backslash (2,200\backslash \%\backslash )$ & $\backslash (1,330\backslash$geqslant $\backslash )$ & $3.$ & $6.$ & $\backslash (31,600\backslash$odot $\backslash )$ & $\backslash (*\backslash )$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Transferted to $\backslash \backslash$

Finished $\backslash \backslash$

Goods

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline & & & & $9.$ & $29,704$ & & $\backslash \backslash$

$\backslash$hline End. bal. & $12,460$ & & & & & & $\backslash \backslash$

$\backslash$hline & & & & End. bal. & $75,984$ & & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline Man & $$ & Control & & Appli & Manufacturla & verhead & $\backslash \backslash$

$\backslash$hline Beg. bal. & & & & Beg, bal. & & & $\backslash \backslash$

$\backslash$hline $3\mathrm{.}0$ & $1,3300$ & & & & & $29,704$ & $9.\backslash \backslash$

$\backslash$hline & $17,200$ & & & & & & $\backslash \backslash$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{|$l$|\}$

$\backslash$hline $8.$

$\backslash$end$\{$tabular$\}$ & $35,400$ & & & End. bal. & & $29,704$ & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline End. bail. & $53,930$ & & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline & ccounta Payat & & & & Cash & & $\backslash \backslash$

$\backslash$hline Beg. bal. & & & & Beg. bal. & & & $\backslash \backslash$

$\backslash$hline & $16,870$ & $16,870$ & $1\mathrm{.}0$ & & & $16,870$ & $4.2\backslash \backslash$

$\backslash$hline & & $17,200$ & $7.$ & & & $31,600$ & $6.\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline End. bal. & & $17,200$ & & End. bal. & & $48,470$ & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline Accumulated Dep & $$ & Plant, and Equ & Equipment & & hed Goods & ntory & $\backslash \backslash$

$\backslash$hline Beg. bail. & & & & Beg, bal. & $2,620$ & & $\backslash \backslash$

$\backslash$hline & & $35,400$ & $8.$ & Goods completed & $\backslash (*\backslash )$ & $*$ & Transfer ta Cost of Goods Sald $\backslash \backslash$

$\backslash$hline & & & & End. bal. & $2,620$ & & $\backslash \backslash$

$\backslash$hline End. bal. & & $35,400$ & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline & ofat of Good & & & & & & $\backslash \backslash$

$\backslash$hline Beg. bal. & & & & & & & $\backslash \backslash$

$\backslash$hline Goods completed & $\backslash (*\backslash )$ & & & & & & $\backslash \backslash$

$\backslash$hline End. bal. & $0$ & & & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$