Inflection Company produces gadgets for the coveted small appliance market. The following data reflect activity for the year $2020$ :Journal Entries

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Inflection Co$.$ uses a normal$-$costing system and allocates overhead to work in process at a rate of $$3\mathrm{.}10$ per direct manufacturing labor dollar. Indirect materials are insignificant so there is no inventory account for indirect materials.

Requirement $2.$ Post the journal entries to T$-$accounts for all of the inventories, Cost of Goods Sold, the Manufacturing Overhead Control Account, and the Manufacturing Overhead Allocated Account.

Post entries $(1)$ through $(9)$ to the accounts below, then calculate the ending balance in each account. $5$ or accounts with a $$0$ balance, leave the balance cells blank.$)$

Review the ournal entries from requirement $1.$

$\backslash$table$[[\backslash$table$[[$Materials$],[$Control$]],$Work$-$in$-$Process,$\backslash$table$[[$Manufacturing$],[$Overhead Control$]]],[$Bal$.,9,500,(2),$Bal.,$6,200,(6),$$$445,000,(3),$$$54,500,(9),$$$202,800$

Journal Entries

$\backslash$table$[[$Journal Entry$],[,$Accounts,Debit,Credit$],[(1.),$Materials Control,$123,000,],[$Accounts Payable Control,,$123,000],[(2.),$Work$-$in$-$Process Control,$119,500,],[$Materials Control,,$119,500],[(3.),$Work$-$in$-$Process Control,$83,000,],[$Manufacturing Overhead Control,$54,500,],[$Wage Payable Control,,$137,500],[(4.),$Manufacturing Overhead Control,$148,300,],[$Wages Payable Control,,$21,000],[$Accounts Payable Control,,$9,300],[$Accumulated Depreciation Control,,$39,000],[$Rent Payable Control,,$79,000],[(5.),$Work$-$in$-$Process Control,$257,300,],[$Manufacturing Overhead Allocated,,$257,300]]$