At the beginning of the year, the company estimated that total manufacturing overhead costs would be $334,400 and that 20,900 direct labor hours would be worked. At year-end, Anthony, the company's founder and CEO, gives you the following information regarding Swifty's operations.

1.The beginning balances in the inventory accounts were:Raw Materials Inventory$7,900Work in Process Inventory$26,300Finished Goods Inventory$32,5002.During the year, the company purchased raw materials costing $96,000. All purchases were made on account.

3.The production department requisitioned $99,000 of raw materials for use in production. Of those, 70% were direct materials and 30% were indirect materials.4.The company used 20,100 direct labor hours at a cost of $15 per hour during the year (credit Wages Payable).5.The company used 6,400 indirect labor hours at a cost of $11 per hour (credit Wages Payable).6.The company paid $178,000 for insurance, utilities, and property taxes on the factory.7.The company recorded factory depreciation of $39,900.8.The company applied manufacturing overhead to inventory based on the 20,100 labor hours actually worked during the year.9.Products costing $660,000 were completed during the year and transferred to the Finished Goods Inventory.10.During the year, the company sold products costing a total of $671,000.11.The company closes under- and overapplied overhead to Cost of Goods Sold.

Make journal entries for each of the transactions just listed

Using the information in the entries, record the transactions in T-accounts for Raw Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Manufacturing Overhead, and Cost of Goods Sold. Show the ending balances for all accounts