I can't figure out what I'm doing wrong on the T-Accounts. Can somebody please help me?
Check my work Forest Components makes aircraft parts. The following transactions occurred in July. 25 points 1. Purchased $16,900 of materials on account. 2. Issued $16,810 in direct materials to the production department. 3. Issued $1,370 of supplies from the materials inventory. 4. Paid for the materials purchased in transaction (1) using cash. 5. Returned $2,060 of the materials issued to production in (2) to the materials inventory. 6. Direct labor employees earned $31,600, which was paid in cash. 7. Purchased miscellaneous items for the manufacturing plant for $17,320 on account 8. Recognized depreciation on manufacturing plant of $36,600. 9. Applied manufacturing overhead for the month. eBook Print References 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 $434,500. Estimated overhead for the year was $430,155. 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 $12,520 10,520 $2,600 7,090 74,000 Check my work Transaction General Journal Credit No Debit 16,900 1 Materials inventory Accounts payable 16,900 25 points 16,810 Work-in-process-direct materials Materials inventory 16,810 eBook Print 1,370 Manufacturing overhead control Materials inventory References D 4 16,900 Accounts payable Cash 16,900 2,060 Materials inventory Work-in-processdirect materials 2,060 31,600 Work-in-processdirect labor Cash 31,600 Manufacturing overhead control 17,320 Check my Cash 16,900 5 2,060 Materials inventory Work-in-processdirect materials 2,060 25 points F6 31,600 Work-in-processdirect labor Cash eBook 31,600 Print G 7 Manufacturing overhead control Accounts payable 17,320 References 17,320 36,600 Manufacturing overhead control Accumulated depreciation-plant 36,600 31,284 Work-in-process-overhead Applied manufacturing overhead 31,284 Required A Required B Check my work Required A Required B Prepare T-accounts to show the flow of costs during the period from Materials Inventory through Cost of Goods Sold.. 25 points Beg. bal. Beq. bal. Materials Inventory 11,740 16,900 2,060 eBook 16,8102 1,370 3. Work-In-Process Inventory 74.000 16,810 2,060 5. 31,600 Transferred to Finished Goods 31,284 Print 9 References End. bal. 12,520 End. bal. 151,634 Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. Beg. bal. 31,284 9. 1,370 17,320 36,600 End. bal. 31,284 End. bal. 55,290 00 Accounts Payable Cash Beg. bal. Beg. bal. 4. 16,900 16,9001. 17,3207 16,900 4. 31,600 6. 25 points End. bal. 17,320 End. bal. 48,500 eBook Print Accumulated DepreciationProperty, Plant, and Equipment Beg. bal. 36,6008. Finished Goods Inventory 2,600 74,000 Beg. bal. Goods completed References Transfer to Cost of Goods Sold End. bal. 76,600 End. bal. 36,600 Cost of Goods Sold Beg. bal. Goods completed End. bal. 74,000 74,000 Required A Required B )
