4-18 Overview of General-Ledger Relationships The Blakely Company uses a joborder cost system. The total debits and credits in certain accounts at yearend are:

DECEMBER 30, 19_6 Total Debits Total Credits Direct-material control $100,000 $ 70,000 Work-in-process control 320,000 305,000 Factory department overhead control 85,000 _ Finished-goods control 325,000 300,000 Cost of goods sold 300,000 © --

Factory department overhead applied — 90,000 Note that “total debits” in the inventory accounts would include beginning inventory balances, if any.

The above accounts do not include the following:

(a) The labor-cost recapitulation for the December 31 working day:

direct labor, $5,000, and indirect labor, $1,000.

(b) Miscellaneous factory overhead incurred on December 30 and December 31: $1,000.

Additional Information Factory overhead has been applied as a percentage of direct labor through December 30.
Direct material purchases during 19_6 were $90,000.
There were no returns to suppliers.
Direct labor costs during 19_6 totaled $150,000, not including the December 31 working day described above.
ie 2: