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A manufacturer's activities for its first month of operations are listed below. The company worked on Job 1001 and Job 1002. a. Purchased raw materials

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A manufacturer's activities for its first month of operations are listed below. The company worked on Job 1001 and Job 1002. a. Purchased raw materials on credit for $80,380. b. Used materials. c. Used labor. d. Used a predetermined overhead rate of 80% of direct materials cost to apply overhead to jobs. e. Transferred Job 1001 to Finished Goods Inventory. f. Recorded cost of goods sold for Job 1001 sold on credit. g. Incurred actual other overhead costs. Post amounts for activities a through g in the selected T-accounts below. Each T-account started the month with a zero balance

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