Homework #$111/11/2023$

Management wishes to determine various unknown balances of a job order company specializing in custom$-$built industrial equipment, and has hired you for assistance:

$\backslash$table$[[$Account balances,,,Jan$\mathrm{.}1,2004,$De$.31,2004,],[$Materials inventory,,$$,205,000,$$$,?,],[$Work in process inventory,,$68,550,,?,],[$Finished goods inventory,,$31,000,,65,000a,],[$Manufacturing overhead $($actual$),,0,,247,000,],[$Accounts payable$-$production materials,$16,000,,24,000,],[$Cost of goods sold,,$0,,769,650$ a$,],[,$a Before prorating the overhead adjustment,,,,$],[$Accounts payable are for production materials only. On January $1,2004,$ there were two jobs in$],[$process$,$ as follows:$],[\backslash$table$[[$Date$],[$started$]],,,\backslash$table$[[$Job$],[$Number$]],,\backslash$table$[[$Direct$],[$materials$]],,$Direct labor$],[$October $15,2003,,206,,$$$14,200,,$$$8,400$