ces The following T-accounts represent September activity for Kelly Tools: B B Materials Inventory P Debit . Ending Balance 40,000 (9/30) Additional Data Cost of Goods Sold Debit Debit Wages Payable Credit Credit Debit Credit Beginning Balance (9/1) Purchases Ending Balance (9/30) Work-in-Process Inventory Credit Debit Beginning Balance (9/1) Direct Labor Materials Inventory 40,000 23,300 119, 200 Manufacturing Overhead Applied Debit Credit Debit Sales are billed at 175 percent of Cost of Goods Sold before the over- or underapplied overhead is prorated. Materials of $78,900 were purchased during the month, and the balance in the Materials Inventory account increased by $6,900 Overhead is applied at the rate of 210 percent of direct materials cost. The balance in the Finished Goods Inventory account decreased by $21,500 during the month before any proration of under-or overapplied overhead. Sales Revenue Total credits to the Wages Payable account amounted to $137,100 for direct and indirect labor. Factory depreciation totaled $34,500 130,830 Credit Required: Complete the T-accounts. Not all amount fields to be populated have accompanying descriptions. 500, 500 Overhead was overapplied by $18,400. Overhead other than indirect labor, Indirect materials, and depreciation incurred was $56,650, which required payment in cash. Overapplied overhead is to be allocated. The company has decided to allocate 12 percent of overapplied overhead to Work-In-Process Inventory, 23 percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown in T-accounts are before any allocation. Credit Direct materials Indirect materials Ending Balance (9/30) Finished Goods Inventory Debit Credit Manufacturing Overhead Control Debit Credit Debit 68,900 Beginning Balance (9/1) Direct materials Direct labor Overhead applied Balance before proration Ending Balance (9/30) Work-in-Process Inventory 23,300 119,200 142,500 142,500 Credit

The following T-accounts represent September actuvity for Kelly Tools Additional Data. - Sales are blled at 175 percent of Cost of Goods Sold betore the over-or underapplied overhead is prorated. - Materials of $78,900 were purchasejd during the month, and the balance in the Materlals inventory account increased by $6,900 - Overhead is applied at the rate of 210 percent of direct materlals cost - The balance in the Finished Goods Inventory account decreased by $21,500 duning the month before any proration of undet-or overapplied overhead - Total credits to the Wages Payable account amounted to $137j00 for direct and indirect labor. - Factory depreciation totaled $34,500 - Overhead was overapplied by $18,400. Overhead other than indirect labor, indirect materials, and depreciation incurred was $56,650, which required payment in cash Overapplied overhead is to be ailocated. - The company has decided to allocate 12 percent of overapplied overnead to Work-in.Process inventory, 23 percent to finished Goods Inventory, and the baiance to Cost of Goods Sold. Batances shown in T-accounts are before any allocation Required: Complete the T-accounts Not all amount fields to be populated have accompanying descriptions