Directions: Arrange the below accounts in the cost flow orders, and determine the unknown numbers and the ending balances for each account. Close the overapplied or underapplied Factory Overhead to Cost of Goods Sold.

Factory Overhead

Indirect Materials	96,200
Indirect Labor	525,000
Factory Depreciation	895,600
Factory Prepaid Expenses	1,200,000
Factory Overhead Rate based on Direct Labor	210%

Finished Goods Inventory

Beginning Inventory
Transferred In	3,110,600
Transferred Out	Unknown
Ending Balance	Unknown

Cost of Goods Sold

Beginning Balance	620,000
Transferred In	2,500,000
Ending Balance	Unknown

Materials Inventory

Beginning Balance	210,000
Purchases	Unknown
Materials Used as Direct Materials	Unknown
Materials Used as Factory Overhead	Unknown
Ending Balance	298,300

Wages Payable

Total Factory Payroll	1,575,000
Direct Labor	Unknown
Indirect Labor	Unknown

Work In process Inventory

Beginning Balance	75,600
Direct Materials	805,000
Direct Labor	Unknown
Factory Overhead	Unknown
Transferred Out	Unknown
Ending Balance	Unknown

T Accounts