Caldwell Company charges its total actual factory overhead to Work in Process. Selected account balances for September are as follows:

Additional information:
(a) All sales are on account.
(b) The accounts payable account is used for the purchase of materials and supplies only.
(c) Caldwell's markup is 30% of sales.
(d) At the end of September, the work in process account had $2,000 of materials, $6,000 of direct labor, and $3,000 of factory overhead charged to it.
(e) Actual factory overhead costs for September were:
Supplies ............................... $20,000
Indirect labor ........................ 55,000
Depreciation .......................... 10,000
Insurance .............................. 2,000
Miscellaneous ........................ 13,000
(f) Materials and supplies purchased on account were $65,000.
Required
Using T accounts, determine:
(1) Materials issued to production
(2) Direct labor
(3) Total factory overhead
(4) Cost of goods manufactured
(5) Cost of goods sold
(6) Payment of accounts payable
(7) Collection of accounts receivable
(8) Payment of payroll

September 1 September 30 $34,000 7,000 20,000 13,000 54,000 18,000 $30,000 Finished Goods. Work in Process. Materials and Supplies. Accrued Payroll. Accounts Receivable Accounts Payable Sales. 15,000 9,000 22,000 6,000 500,000