If Bramble chooses instead to prorate under- or overapplied overhead, what are the adjusted Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold account balances for 2017?(Round % of total to 2 decimal places, e.g. 55.75 and final answers to 0 decimal places, e.g. 5,275.)

Adjusted Balance

Work In Process$

Finished Goods$

Cost of Goods Sold$

Problem 4-32 Bramble Wings, Inc. manufactures alrplanes for use in stunt shows. Bramble's factory ls highly automated, using the latest in robotic technology. To keep costs low, the company employs as few factory workers as possible. Since each plane has dlfferent features (such as its shape, welght, and color), Bramble uses a job order costing system to accumulate product costs. At the end of 2016, Bramble's accountants developed the following expectations for 201? based on the marketlng department's sales forecast: Budgeted overhead cost $1,101,000 Estimated machine hours 45,000 Estimated dlrect labor hours 10,000 Estimated dlrect materials cost $1,510,000 Bramble's inventory count, completed on December 31, 2015, revealed the following endlng inventory balances: Raw Materials Inventory $249,000 Work in Process Inventory $527,000 Flnlshed Goods Inventory $2,200,000 The company's 2017 payroll data revealed the following actual payroll costs for the year: Annual Total Hours Number Wage Rate Salary per Worked per Job Title Employed per Hour Employee Employee Presldent and CEO 1 $228,000 Vice president and CFO 1 $178,000 Factory manager 1 $40,900 Asslstant factory manager 1 $31,300 Machine operator 5 514.5 2,250 Security guard, factory 2 $20,500 Forklift operator 2 $7.5 2,000 Corporate secretary 1 $35,200 Janitor, factory 2 $6 2,150 The following Infom'latlon was taken 'From Bramble's Schedule of Plant Assets. All assets are depreciated using the straight-line method. Plant Asset Purchase Price Salvage Value Useful Life Facto ry building $4,000,000 $ 15 0, 000 20 Years Ad min istratiye office $6 50,000 $ 125, 000 30 Years Factory equipment $2,000,000 $20, 000 12 Years Other mlsoellaneous costs for 201? all paid in cash included: Cost Amount Factory insurance (Fully expired) $14,000 Administrative office utllitjes $5,100 Factory utilities $32,700 Office supplles (fully consumed) $4,200 Additional infom'lation about Bramble's operations In 201? includa the following: - Raw materlals purchases for the year amounted to $1,948,000. All materlals were purchased on acwunt. - The company used $1,360,000 in raw materials during the year. Of that amount, 85% was dlrect materials and 15% was Indirect materlals. - Bramble applied overhead to Work in Process Inventory based on direct materials cost. - Alrplanes mstlng $3,450,000 to manufacture were completed and transferred out of Work in Process Inventory. - Bramble uses a markup of 80% to price Its airplanes. Sales for the year were $5,520,000. All sales are made on account. (Note: This transaction requires two journal entries.) Prepare the journal entries to record Blamble's 0515 for 2017. (Use Salaries Payable and Wages Payable accounm for payroll costs.) (Credit account times are automatically .I'ndented when the amount Is entered. Do not Indent manually. Past entries In order presented In the pmbl'em. Round answers on 0 decimal places, e.g. 5,275.) He. Accountuandqimaon v v 4- Depreciation Expense |'| ( Accumulated Depreciation E; El a g i a E g 3: 8 42 g E: ( ( 5- Manufacturing Overhead Accumulated Depreciation Ddl: Gull: 1- 5mm...\" mm - v v - (To record salaries for praiderlt, vlce presldent, and ccrmarte secreien v v v v - m (To record salaried factory worlmr cools] v v 3- - v v v '1 mm - E (To record hourly actory worker cools) , W'- - 'm - 'm |'| ( l {To record depreciation on factory building and equipment) 5- Utilities Expense Supplies Expense {To record administrative ofce utilities and office supplies expense} 1 Manufacturing Overhead {To record factory insurance and factory utilitiu} 3- Raw Materials Inventory III H H H H H H H H H H H H E :1 Amounts Payable {To reoord raw materials purchasu} 9- Work in Process Inventory Manufacturing Gverhead Raw Materials Inventory {To reoord direct materials and Indirect materials used in prodmljon) 10- Work in Process Inventory Manufacturing Bverhead [To aoolv overhead to work in orooess'i 5 HID 4211!) vl 153100!) 2300!) 115270? #5?!le l 1152?? H H H H H H H H H H H H g c