Fill all the blancs

Forest Components makes aircraft parts. The following transactions occurred in July. 1. Purchased $16,880 of materials on account. 2. Issued $16,770 in direct materials to the production department. 3. Issued $1,280 of supplies from the materials inventory. 4. Paid for the materials purchased in transaction (1) using cash. 5. Returned $2,050 of the materials issued to production in (2) to the materials inventory. 6. Direct labor employees earned $32,700, which was paid in cash. 7. Purchased miscellaneous items for the manufacturing plant for $17,270 on account. 8. Recognized depreciation on manufacturing plant of $35,400. 9. Applied manufacturing overhead for the month. Forest uses normal costing. It applies overhead on the basis of direct labor costs using an annual, predetermined rate. At the beginning of the year, management estimated that direct labor costs for the year would be $434,400. Estimated overhead for the year was $430,056. The following balances appeared in the inventory accounts of Forest Components for July. Materials Inventory Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Beginning Ending ? $12,570 ? 10,580 $2,700 7,070 ? 74,200 Required A Required B Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold. Beg. bal. Materials Inventory 11,690 16,880 Beg. bal. Work-In-Process Inventory 9,357 16,770 2,0502 1. 16,770 2. 2. 5. 2,050 1,280 3. 6. 32.700 78,570 Transferred to Finished Goods 09 9. 32,373 End, bal. 12,570 End. bal. 10,580 Manufacturing Overhead Control Applied Manufacturing Overhead 0 Beg, bal Beg. bal. 3 32,373 1.280 17.270 7 8. 35,400 End, bal. 32.373 End. bal. 53,950 Chec Accounts Payable Cash 0 Beg. bal 0 Beg. bal. 4. 16,880 16,880 1. 16,8804 17.2707 32,700 6. End. bal 17,270 End. bal. 49,580 Accumulated DepreciationProperty, Plant, and Equipment Beg. bal. 0 Beg. bal. Finished Goods Inventory 2,700 78.570 74.200 Transfer to Cost of Goods Sold 7,070 35,4008 Goods completed End. bal. End. bal. 35,400 Cost of Goods Sold Beg. bal. Goods completed End. bal. 74,200 74,200