Maria$$s Holiday Styles has been busy in the month of November! It seems Maria$$s marketing efforts have paid off, as she has answered many calls to help decorate homes for the upcoming holidays. The company carries an inventory of decorative items in its store and then installs them in creative and fun ways. The MOH costs are fairly low, since the company has just a small space to hold the inventory. The applied MOH rate is $$10$ per direct labor hour.

As of November $30,$ the company carries the following balances in its inventory accounts.

DM Inventory $$6,200$

WIP Inventory $7,950$

FG Inventory $0$

During December, the following events occurred.

$1.$ Purchased direct materials costing $$14,700$ on account.

$2.$ Used $$19,300$ of direct materials for jobs.

$3.$ Paid direct labor wages for $127$ hours of labor $($$$25/$hr$).$

$4.$ Applied MOH cost to jobs.

$5.$ Actually incurred $$2,100$ in MOH costs.

$6.$ Completed all jobs by the end of the month.

$7.$ Billed clients $$42,800$ for jobs completed.

$8.$ Closed under$-$ or overapplied MOH using the direct write$-$off method.

$($a$)$

Calculate the ending balances in all inventory accounts as of December $31.$

Ending Balances

DM Inventory

$enter a dollar amount

WIP Inventory

$enter a dollar amount

FG Inventory

$enter a dollar amount

eTextbook and Media

Attempts: $0$ of $2$ used

$($b$)$

Prepare the journal entry to write off any under$-$ or overapplied MOH directly to COGS. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

select an account title

enter a debit amount

enter a credit amount

select an account title

enter a debit amount

enter a credit amount

eTextbook and Media

Attempts: $0$ of $2$ used

$($c$)$

Determine the company$$s total cost of goods completed and COGS in December.

Total cost of goods completed and COGS $enter the total cost of goods completed and cost of goods sold in dollars