Fast rating - need to make a T-chart but I dont how to find the unknowns can you please help me with this? When doing it can you please use the account names that were already provided and not anything else. for example beginning balance would be BB, direct materials would be DM, and so on or you can just write then full names.. I will post the t account as a template of what it should look like. Needs to be in correct order as well. Thanks you. I will give instant THUMBS UP rating if you can follow directions and give solutions and show how you got there to.

here is what is given to me.

1. IMPORTANT: To complete this problem, Factory Overhead Applied has to be calculated. There are two steps for calculating Factory Overhead Applied: Step #1-Calculate the Predetermined Factory Overhead Rate = Estimate Factory Overhead divided by Estimated Direct Labor Costs; Step #2 - Calculate Factory Overhead Applied = Predetermined Factory Overhead Rate multiplied by Direct Labor.

Here is Template:

Directions: Arrange the below accounts in the cost flow order, and determine the unknown numbers and the ending balances for each account. Close the overapplied or underapplied Factory Overhead to Cost of Goods Sold. Finished Goods Inventory Beginning Balance Transferred In Transferred Out Ending Balance 95,000 Unknown 1,325,000 Unknown Materials Inventory Beginning Balance Purchases Direct materials used Indirect materials used Ending Balance 45.000 Unknown Unknown Unknown 204.200 Wages Payable Total Factory Payroll Direct Labor Indirect Labor 1,760,000 475,000 Unknown Work in Process Inventory Beginning Balance Direct Materials Direct Labor Factory Overhead Transferred Out Ending Balance 30,000 315,000 Unknown Unknown 2,200,000 Unknown Factory Overhead Factory Overhead is applied based on direct labor costs. Estimated factory overhead 1,550,000 Estimated direct labor costs 500,000 Actual Other Factory Overhead 12,600 Actual Indirect Materials Used 75,800 Cost of Goods Sold Beginning Balance Transferred In Ending Balance 318,500 Unknown Unknown 3 4 Work in Process Inventory Finished goods inventory Materials inventory 45,000 5 BB Purchases 6 7 00 9 10 11 UPTEE EB 204,200 Factory overhead Wages Paybale Cost of Goods Sold 17 18 19 20 21 22 23 24 25 26