Granger Products recorded the following transactions for the just completed month. The company had no beginning inventories.

a.	$76,900 in raw materials were purchased for cash.
b.	$72,500 in raw materials were requisitioned for use in production. Of this amount, $66,100 was for direct materials and the remainder was for indirect materials.
c.	Total labor wages of $151,800 were incurred and paid. Of this amount, $133,300 was for direct labor and the remainder was for indirect labor.
d.	Additional manufacturing overhead costs of $126,000 were incurred and paid.
e.	Manufacturing overhead costs of $167,500 were applied to jobs using the companys predetermined overhead rate.
f.	All of the jobs in progress at the end of the month were completed and shipped to customers.
g.	Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold.

Required:
1.	Post the above transactions to T-accounts. (Record the transactions in the given order. Leave no cells blank - be certain to enter "0" wherever required.)

Cash

			(Click to select)(a)(b)(c)(d)(e)(f)(g)
			(Click to select)(a)(b)(c)(d)(e)(f)(g)
			(Click to select)(a)(b)(c)(d)(e)(f)(g)

Raw Materials

(Click to select)(a)(b)(c)(d)(e)(f)(g)			(Click to select)(a)(b)(c)(d)(e)(f)(g)
Balance

Work in Process

(Click to select)(a)(b)(c)(d)(e)(f)(g)
(Click to select)(a)(b)(c)(d)(e)(f)(g)
(Click to select)(a)(b)(c)(d)(e)(f)(g)			(Click to select)(a)(b)(c)(d)(e)(f)(g)
Balance

Finished Goods

(Click to select)(a)(b)(c)(d)(e)(f)(g)			(Click to select)(a)(b)(c)(d)(e)(f)(g)
Balance

Manufacturing Overhead

(Click to select)(a)(b)(c)(d)(e)(f)(g)			(Click to select)(a)(b)(c)(d)(e)(f)(g)
(Click to select)(a)(b)(c)(d)(e)(f)(g)
(Click to select)(a)(b)(c)(d)(e)(f)(g)
(Click to select)(a)(b)(c)(d)(e)(f)(g)
Balance

Cost of Goods Sold

(Click to select)(a)(b)(c)(d)(e)(f)(g)			(Click to select)(a)(b)(c)(d)(e)(f)(g)
Balance

2.	Determine the cost of goods sold for the period.

Cost of goods sold

$

Granger Products recorded the following transactions for the just completed month. The company had no beginning inventories. a. $76,900 in raw materials were purchased for cash. b. $72,500 in raw materials were requisitioned for use in production. Of this amount, $66,100 was for direct materials and the remainder was for indirect materials. c Total labor wages of $151,800 were incurred and paid. Of this amount, $133,300 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $126.000 were incurred and paid. e. Manufacturing overhead costs of $167,500 were applied to jobs using the company's predetermined overhead rate. f. All of the jobs in progress at the end of the month were completed and shipped to customers. g. Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold Required: 1. Post the above transactions to T-accounts. (Record the transactions in the given order. Leave no cells blank be certain to enter "0" wherever required.) Cash (Click to select) (Click to select) Click to select) Raw Materials (click to select) Click to select) Balance Work in Process (Click to select) y (Click to select) Click to select) (Click to select) Balance Finished Goods Click to select) (Click to select) Balance