The following T-accounts represent data from a division of New England Fashion’s accounting records.

Find the missing amounts represented by the letters. (Hint: Rearrange accounts to conform with flow of costs.)

Cost of Goods Sold Finished-Goods Inventory 123,000 BB 69,600 Work-in-Process Inventory BB 9,000 Material (b)

Labor 25,500 Overhead (e)

EB 14,550 Raw-Material Inventory BB (a)

Purchases 27,000} TO EB WR250 Tuscarora Hardwoods, a custom manufacturer of furniture, uses job-order costing. The following transactions to support job MRS-55 for a custom meeting room set—a large table plus 16 chairs—occurred in January:

Purchased $10,000 of raw materials.

Issued $500 of supplies from raw-material inventory.

————

Purchased $7,000 of raw material.

Paid for the raw material purchased in transaction (a).

Issued $8,500 in raw material to the production department.

Incurred production labor costs of $12,500, which were credited to Payroll Payable.

Paid $23,250 cash for utilities, power, equipment maintenance, and miscellaneous items for the manufacturing plant.

h. Applied overhead on the basis of 185 percent of $8,500 in material costs.

i. Recognized depreciation on manufacturing property, plant, and equipment of $6,250.

ieSade e y e Required Prepare journal entries to record these transactions.