(Maybe you can see the details better this way I just copied everything Hope it helps ) The following T accounts represent November activity Materials Inventory EB (11 30) 56,500 Work In Process Inventory BB (11 1) 32,700 Dir Materials 86,800 Finished Goods Inventory EB (11 30) 100,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Wages Payable Sales Revenue 727,200 Additional Data Materials of $114,800 were purchased during the month, and the balance in the Materials Inventory account increased by $10,100 Overhead is applied at the rate of 150 percent of direct labor cost Sales are billed at 180 percent of cost of goods sold before the over or underapplied overhead is prorated The balance in the Finished Goods Inventory account decreased by $28,600 during the month before any proration of under or overapplied overhead Total credits to the Wages Payable account amounted to $205,000 for direct and indirect labor Factory depreciation totaled $30,170 Overhead was underapplied by $24,480 Overhead other than indirect labor, indirect materials, and depreciation was $201,410, which required payment in cash Underapplied overhead is to be allocated The company has decided to allocate 20 percent of underapplied overhead to Work in Process Inventory, 10 percent to Finished Goods Inventory, and the balance to Cost of Goods Sold Balances shown in T accounts are before any allocation Required Complete the T accounts Not all amount fields to be populated have accompanying descriptions Materials Inventory Work in Process Inventory Beg Bal (11 1) Beg Bal (11 1) 32,700 Purchases Direct materials Direct materials 86,800 Indirect materials Direct labor Overhead applied End Bal (11 30) 56,500 Bal 119,500 End Bal (11 30) 119,500 Finished Goods Inventory Cost of Goods Sold Beg Bal (11 1) Beg Bal (11 1) Bal 100,000 End Bal (11 30) 100,000 End Bal (11 30) Manufacturing Overhead Control Applied Manufacturing Overhead Beg Bal (11 1) Beg Bal (11 1) 258,000 Indirect materials End Bal (11 30) 258,000 End Bal (11 30) Wages Payable Sales Revenue Beg Bal (11 1) Beg Bal (11 1) 727,200 Direct labor End Bal (11 30) 727,200 End Bal (11 30) WEEK FOUR CHAPTER SEVEN HOMEWORK Saved 3 Problem 7 51 (Algo) Assigning Costs Missing Data (LO 7 2, 3) The following T accounts represent November activity 25 points Materials Inventory EB (11 30) 56,500 Work In Process Inventory BB (11 1) 32,700 Dir Materials 86,800 Cost of Goods Sold eBook Finished Goods Inventory EB (11 30) 100,000 Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Print Wages Payable Sales Revenue 727,200 References Additional Data Materials of $114,800 were purchased during the month, and the balance in the Materials Inventory account increased by $10 100 Overhead is applied at the rate of 150 percent of direct labor cost Sales are billed at 180 percent of cost of goods sold before the over or underapplied overhead is prorated The balance in the Finished Goods Inventory account decreased by $28,600 during the month before any proration of under or overapplied overhead Total credits to the Wages Payable account amounted to $205,000 for direct and indirect labor Factory depreciation totaled $30,170 Overhead was underapplied by $24,480 Overhead other than indirect labor, indirect materials, and depreciation was $201,410, which required payment in cash Underapplied overhead is to be allocated The company has decided to allocate 20 percent of underapplied overhead to Work in Process Inventory, 10 percent to Finished Goods Inventory, and the balance to Cost of Goods Sold Balances shown in T accounts are before any allocation Required Complete the T accounts Not all amount fields to be populated have accompanying descriptions 3 Materials Inventory Beg Bal (11 1) Purchases Work in Process Inventory 32,700 86,800 Direct materials Indirect materials 25 points Beg Bal (11 1) Direct materials Direct labor Overhead applied Bal End Bal (11 30) 56,500 End Bal (11 30) eBook Finished Goods Inventory Cost of Goods Sold Print Beg Bal (11 1) Beg Bal (11 1) Bal Re 100,000 References End Bal (11 30) End Bal (11 30) Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Beg Bal (11 1) Beg Bal (11 1) Indirect materials End Bal (11 30) End Bal (11 30) Wages Payable Sales Revenue Beg Bal (11 1) Beg Bal (11 1) 727,200 Direct labor End Bal (11 30) End Bal (11 30)

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(Maybe you can see the details better this way? I just copied everything. Hope it helps!) The following T-accounts represent November activity. Materials Inventory EB

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(Maybe you can see the details better this way? I just copied everything. Hope it helps!)

The following T-accounts represent November activity.

Materials Inventory
EB (11/30)	56,500

Work-In-Process Inventory
BB (11/1)	32,700
Dir.Materials	86,800

Finished Goods Inventory
EB (11/30)	100,000

Cost of Goods Sold

Manufacturing Overhead Control

Applied Manufacturing Overhead
		258,000

Wages Payable

Sales Revenue
		727,200

Additional Data

Materials of $114,800 were purchased during the month, and the balance in the Materials Inventory account increased by $10,100.
Overhead is applied at the rate of 150 percent of direct labor cost.
Sales are billed at 180 percent of cost of goods sold before the over- or underapplied overhead is prorated.
The balance in the Finished Goods Inventory account decreased by $28,600 during the month before any proration of under- or overapplied overhead.
Total credits to the Wages Payable account amounted to $205,000 for direct and indirect labor.
Factory depreciation totaled $30,170.
Overhead was underapplied by $24,480. Overhead other than indirect labor, indirect materials, and depreciation was $201,410, which required payment in cash. Underapplied overhead is to be allocated.
The company has decided to allocate 20 percent of underapplied overhead to Work-in-Process Inventory, 10 percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown in T-accounts are before any allocation.

Required:

Complete the T-accounts. Not all amount fields to be populated have accompanying descriptions.

Materials Inventory			Work-in-Process Inventory
Beg. Bal. (11/1)			Beg. Bal. (11/1)	32,700
Purchases		Direct materials	Direct materials	86,800
		Indirect materials	Direct labor
			Overhead applied
End. Bal. (11/30)	56,500		Bal.	119,500

			End. Bal. (11/30)	119,500

Finished Goods Inventory			Cost of Goods Sold
Beg. Bal. (11/1)			Beg. Bal. (11/1)

Bal.	100,000

End. Bal. (11/30)	100,000		End. Bal. (11/30)

Manufacturing Overhead Control			Applied Manufacturing Overhead
Beg. Bal. (11/1)			Beg. Bal. (11/1)		258,000
Indirect materials

			End. Bal. (11/30)		258,000


End. Bal. (11/30)

Wages Payable			Sales Revenue
Beg. Bal. (11/1)			Beg. Bal. (11/1)		727,200
		Direct labor
			End. Bal. (11/30)		727,200

End. Bal. (11/30)

WEEK FOUR: CHAPTER SEVEN HOMEWORK Saved 3 Problem 7-51 (Algo) Assigning Costs: Missing Data (LO 7-2, 3) The following T-accounts represent November activity. 25 points Materials Inventory EB (11/30) 56,500 Work-In-Process Inventory BB (11/1) 32,700 Dir.Materials 86,800 Cost of Goods Sold eBook Finished Goods Inventory EB (11/30) 100,000 Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Print Wages Payable Sales Revenue 727,200 References Additional Data Materials of $114,800 were purchased during the month, and the balance in the Materials Inventory account increased by $10.100. Overhead is applied at the rate of 150 percent of direct labor cost. Sales are billed at 180 percent of cost of goods sold before the over- or underapplied overhead is prorated. The balance in the Finished Goods Inventory account decreased by $28,600 during the month before any proration of under-or overapplied overhead. Total credits to the Wages Payable account amounted to $205,000 for direct and indirect labor. Factory depreciation totaled $30,170. Overhead was underapplied by $24,480. Overhead other than indirect labor, indirect materials, and depreciation was $201,410, which required payment in cash. Underapplied overhead is to be allocated. The company has decided to allocate 20 percent of underapplied overhead to Work-in-Process Inventory, 10 percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown in T-accounts are before any allocation. Required: Complete the T-accounts. Not all amount fields to be populated have accompanying descriptions. 3 Materials Inventory Beg. Bal. (11/1) Purchases Work-in-Process Inventory 32,700 86,800 Direct materials Indirect materials 25 points Beg. Bal. (11/1) Direct materials Direct labor Overhead applied Bal. End. Bal. (11/30) 56,500 End. Bal. (11/30) eBook Finished Goods Inventory Cost of Goods Sold Print Beg. Bal. (11/1) Beg. Bal. (11/1) Bal. Re 100,000 References End. Bal. (11/30) End. Bal. (11/30) Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Beg. Bal. (11/1) Beg. Bal (11/1) Indirect materials End. Bal. (11/30) End. Bal. (11/30) Wages Payable Sales Revenue Beg. Bal. (11/1) Beg. Bal. (11/1) 727,200 Direct labor End. Bal. (11/30) End. Bal. (11/30)