Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year); Materials Inventory Feb. 1 balance February debits 94,500 February credits 339,000 312,000 Manufacturing Overhead February debits 411,600 Feb. 1 balance 34,800 February credits 409,050 Work in Process Inventory Feb. 1 balance 67,200 February credits 1,035,000 February debits: Direct material 285,000 Direct Labor 454,500 Man. overhead 409,050 Wages Payable February debits 580,500 Feb. 1 balance 135,000 February creds 531,000 Finished Goods Inventory Feb. 1 balance February debits 229,500 February credits 1,151,100 1,035,000