Part III The following transactions occurred in January at Tarnsdale Fabricators, a manufacturer of custom tools: Purchased $16,820 of materials.

Part IIIThe following transactions occurred in January at Tarnsdale Fabricators, a manufacturer of custom tools:1. Purchased $16,820 of materials.2. Issued $16,700 in direct materials to the production department.3. Issued $1,290 of supplies from the materials inventory.4. Paid for the materials purchased in transaction (1).5. Returned $2,160 of the materials issued to production in (2) to the material inventory.6. Direct labor employees earned $32,000, which was paid in cash.7. Paid $17,320 for miscellaneous items for the manufacturing plant. Accounts Payable was credited.8. Recognized depreciation on manufacturing plant of $36,900.9. Applied manufacturing overhead for the month.Tarnsdale 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 $434,600. Estimated overhead for the year was $399,832.The following balances appeared in the inventory accounts of Tarnsdale Fabricators for January: