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 $(7/1)140,000$

$232,000$

Work$-$in$-$Process Inventory

Debit Credit

Beginning Balance $(7/1)23,200$

Finished Goods Inventory

Debit Credit

Ending Balance $(7/31)94,500$

$2,250$

Cost of Goods Sold

Debit Credit

Manufacturing Overhead Control

Debit Credit

$198,000$

Accounts Payable $($Materials$)$

Debit Credit

$185,300$

$39,400$ 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$$s cost sheets showed only one job in Work$-$in$-$Process Inventory on July $31.$ Materials of $$15,750$ had been added to the job, and $300$ 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 $$2,250$ entry in Finished Goods Inventory as a part of the allocation and that the total underapplied overhead was $$15,000.$

Data used in a study on inventory levels at Stotter, Incorporated indicate that the finished goods inventory increased by $$21,500$ 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.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 $$15,750$ had been added to the job, and $300$ direct labor$-$hours had been expended at $$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 $$2,250$ entry in Finished Goods Inventory as a part of the allocation and that

the total underapplied overhead was $$15,000.$

Data used in a study on inventory levels at Stotter, Incorporated indicate that the finished goods inventory increased

by $$21,500$ in July.

Required:

Determine the following amounts:

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

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

c$.$ Direct materials issued from inventory during July.

d$.$ Materials Inventory ending balance on July $31,$ after the underapplied overhead has been allocated.