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(d) Applied overhead to production at a rate of $25.00 per direct labor hour for 487 actual direct labor hours. (e) Recorded the following actual

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(d) Applied overhead to production at a rate of $25.00 per direct labor hour for 487 actual direct labor hours. (e) Recorded the following actual manufacturing overhead costs: Item Factory rent Depreciation Factory utilities Factory insurance Total Cost $ 2,200 3,200 3,000 2,600 $11,000 Description Paid in cash Factory equipment Incurred but not paid Prepaid policy (f) Completed Job 201 and transferred it to Finished Goods Inventory. (g) Sold Job 200 for $51,600. Job 202 was still in process at the end of January. Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 2. Compute the ending balance in the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied). (d) Applied overhead to production at a rate of $25.00 per direct labor hour for 487 actual direct labor hours. (e) Recorded the following actual manufacturing overhead costs: Item Factory rent Depreciation Factory utilities Factory insurance Total Cost $ 2,200 3,200 3,000 2,600 $11,000 Description Paid in cash Factory equipment Incurred but not paid Prepaid policy (f) Completed Job 201 and transferred it to Finished Goods Inventory. (g) Sold Job 200 for $51,600. Job 202 was still in process at the end of January. Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 2. Compute the ending balance in the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied)

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