Exercise $7-24($Algo$)$ Assigning Costs to Jobs $($LO $7-1)$

Barker Products is a job shop. The following events occurred in September:

$1.$ Purchased $\backslash (\backslash$$ $13,500\backslash )$ of materials on account.

$2.$ Issued $\backslash (\backslash$$ $15,000\backslash )$ in direct materials to the production department.

$3.$ Purchased $\backslash (\backslash$$ $11,500\backslash )$ of materials on account.

$4.$ Issued $\backslash (\backslash$$ $925\backslash )$ of supplies from the materials inventory.

$5.$ Paid for the materials purchased in transaction $(1).$

$6.$ Paid $\backslash (\backslash$$ $19,700\backslash )$ cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant.

$7.$ Incurred direct labor costs of $\backslash (\backslash$$ $23,000\backslash ),$ which were credited to Wages Payable.

$8.$ Issued $\backslash (\backslash$$ $1,325\backslash )$ of supplies from the materials inventory.

$9.$ Applied overhead on the basis of $85$ percent of $\backslash (\backslash$$ $23,000\backslash )$ direct labor costs.

$10.$ Recognized depreciation on manufacturing property, plant, and equipment of $\backslash (\backslash$$ $12,100\backslash ).$

The following balances appeared in the accounts of Barker Products for September:

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.