List of Accounts

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Equipment
• Accumulated Depreciation-Factory Building
• Accumulated Depreciation-Machinery and Equipment
• Accumulated Depreciation-Office Building
• Accumulated Depreciation-Plant and Equipment
• Cash
• Cost of Completed Work
• Cost of Goods Sold
• Depreciation Expense
• Employer Fringe Benefits Payable
• Employer Payroll Taxes Payable
• Factory Labour
• Factory Wages Payable
• Finished Goods Inventory
• Manufacturing Overhead
• Operating Overhead
• Payroll Liabilities
• Prepaid Factory Property Taxes
• Prepaid Factory Insurance
• Raw Materials Inventory
• Salaries Payable
• Sales Revenue
• Service Contracts in Process
• Service Salaries and Wages
• Supplies
• Utilities Payable
• Work in Process
• Work in Process Inventory

Assume that Crane Manufacturing has $9,200 of under-applied Manufacturing Overhead at December 31, 2022 and has the following account balances at year end: Work in Process Inventory $15,390 Finished Goods Inventory 19,494 Cost of Goods Sold 67,716 Total costs $102,600 Close out the under-applied Manufacturing Overhead using the proration method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close under-applied Manufacturing Overhead)