Makanice Manufacturing, Inc., uses a job order cost system. The following data summarize the operations related to production for December 2020 and balances carried forward from November:

be Makan Manfacturing, let Makanice Manufacturing, Inc., uses a job order cost system. The following datamarine the operations related to productive for December 2820 and balance carried forward from November a December 1, 2020 material eventory: December 1, 2020 work in proces Job d Material L.IS Distaker 1,735 Factors Other ules 25 26 1.00 2.340 4,033 2.750 3. 7.137 e December 1, 2020 Finished goods Job Direct labor Factory Overhead 21 4,100 Materials 5,120 4.800 9,920 24 1320 7.776 8,4301 15.156 Material purchased account in December During the month of December the following costs were expended Direct laber Job 25 26 17 28 29 30 31 Material 3.300 1.500 3.000 2.500 2.800 1.800 900 1.950 1.AS 1.800 1.4 200 19.1001 15.50 Direct laber recorded as a payable d 21.954 Factory overhead costs incurred in December one Factory Overhead is applied on the basis of $1.50 per direct laber dollar Jobs completed in December 25, 26, 27, 28, 29 Jobs shipped and billed to customers en 21, 24, 25, 26, 27, 28 All jobs are sold on account at 70% markupon cost f 1 2 Instructions Journaline the transaction reflected in 1.> Calculate the following December 31 account balance . Material inventory b Work in process Finished goods d Over er underapplied Factory Overhead Prepare a statement of Cost of Goods Manufactured for the month ended December 31, 2020 Journaline the catry to close FOH to COGS 3 4 DE CE Completed Dirlaber FOR Malas Total Shipped & Billed Die labor FOH Total 24 26 27 Work in proces Dir baber EDE Total 31 Materfal Inventory 7.500 Finished ads Die FOH Milles Tere! 0 7.500 ol Work in Process 12 1992 Fished Goods 32496 0 . 20,496 250 Factory Overhead O 0 Makanice Corporation Cost of Goods Manufactured for the year ended December 31, 2020 Work in process - December 1 0 7.800 Raw materials Raw Materials Inventory - December 1 Net purchases - raw material Cost of materials available for use Raw Materials Inventory - December 31 Cost of Materials Used 0 7.800 7,800 0 Direct Labor 0 Factory Overhead 0 Total Manufacturing costs incurred during December Total Manufacturing costs 0 o Less: Work in Process - December 31 0 Cost of Goods manufactured 0 be Makan Manfacturing, let Makanice Manufacturing, Inc., uses a job order cost system. The following datamarine the operations related to productive for December 2820 and balance carried forward from November a December 1, 2020 material eventory: December 1, 2020 work in proces Job d Material L.IS Distaker 1,735 Factors Other ules 25 26 1.00 2.340 4,033 2.750 3. 7.137 e December 1, 2020 Finished goods Job Direct labor Factory Overhead 21 4,100 Materials 5,120 4.800 9,920 24 1320 7.776 8,4301 15.156 Material purchased account in December During the month of December the following costs were expended Direct laber Job 25 26 17 28 29 30 31 Material 3.300 1.500 3.000 2.500 2.800 1.800 900 1.950 1.AS 1.800 1.4 200 19.1001 15.50 Direct laber recorded as a payable d 21.954 Factory overhead costs incurred in December one Factory Overhead is applied on the basis of $1.50 per direct laber dollar Jobs completed in December 25, 26, 27, 28, 29 Jobs shipped and billed to customers en 21, 24, 25, 26, 27, 28 All jobs are sold on account at 70% markupon cost f 1 2 Instructions Journaline the transaction reflected in 1.> Calculate the following December 31 account balance . Material inventory b Work in process Finished goods d Over er underapplied Factory Overhead Prepare a statement of Cost of Goods Manufactured for the month ended December 31, 2020 Journaline the catry to close FOH to COGS 3 4 DE CE Completed Dirlaber FOR Malas Total Shipped & Billed Die labor FOH Total 24 26 27 Work in proces Dir baber EDE Total 31 Materfal Inventory 7.500 Finished ads Die FOH Milles Tere! 0 7.500 ol Work in Process 12 1992 Fished Goods 32496 0 . 20,496 250 Factory Overhead O 0 Makanice Corporation Cost of Goods Manufactured for the year ended December 31, 2020 Work in process - December 1 0 7.800 Raw materials Raw Materials Inventory - December 1 Net purchases - raw material Cost of materials available for use Raw Materials Inventory - December 31 Cost of Materials Used 0 7.800 7,800 0 Direct Labor 0 Factory Overhead 0 Total Manufacturing costs incurred during December Total Manufacturing costs 0 o Less: Work in Process - December 31 0 Cost of Goods manufactured 0