A series of computer and backup system failures caused the loss of most of the company records at Stotter, Incorporated. Information technology consultants for the company could recover only a few fragments of the company$$s factory ledger for July as follows:

Materials Inventory

Debit Credit

Beginning Balance $(7/1)138,000$

$230,000$

Work$-$in$-$Process Inventory

Debit Credit

Beginning Balance $(7/1)23,100$

Finished Goods Inventory

Debit Credit

Ending Balance $(7/31)94,200$

$2,220$

Cost of Goods Sold

Debit Credit

Manufacturing Overhead Control

Debit Credit

$196,000$

Accounts Payable $($Materials$)$

Debit Credit

$185,100$

$39,300$ Ending Balance $(7/31)$

Further investigation and reconstruction from other sources yielded the following additional information:

Based on records for January through June, overhead is applied at the rate of $$24$ per direct labor$-$hour.

The production superintendent$$s cost sheets showed only one job in Work$-$in$-$Process Inventory on July $31.$ Materials of $$15,728$ had been added to the job, and $298$ direct labor$-$hours had been expended at $$30$ per hour.

The employment department has verified that there are no variations in pay rates among direct$-$labor employees.

No indirect materials were issued from inventory during the period.

The controller had just allocated the underapplied overhead to Cost of Goods Sold, Finished Goods Inventory, and Work$-$in$-$Process Inventory. $($This allocation is done monthly at Stotter, Incorporated and is based on account balances.$)$ The controller remembers making the $$2,220$ entry in Finished Goods Inventory as a part of the allocation and that the total underapplied overhead was $$14,800.$

Data used in a study on inventory levels at Stotter, Incorporated indicate that the finished goods inventory increased by $$21,200$ in July.

Required:

Determine the following amounts:

Work$-$in$-$process inventory, July $31,$ before allocation of underapplied overhead.

Cost of goods sold for July, before allocation of underapplied overhead.

Direct materials issued from inventory during July.

Materials Inventory ending balance on July $31,$ after the underapplied overhead has been allocated.A series of computer and backup system failures caused the loss of most of the company records at Stotter, Incorporated. Information

technology consultants for the company could recover only a few fragments of the company's factory ledger for July as follows:

Further investigation and reconstruction from other sources yielded the following additional information:

Based on records for January through June, overhead is applied at the rate of $$24$ per direct labor$-$hour.

The production superintendent's cost sheets showed only one job in Work$-$in$-$Process Inventory on July $31.$ Materials of $$15,728$ had

been added to the job, and $298$ direct labor$-$hours had been expended at $$30$ per hour.

The employment department has verified that there are no variations in pay rates among direct$-$labor employees.

No indirect materials were issued from inventory during the period.