On June 30, New Haven Company's Work in Process Inventory account showed a beginning balance of $29,400. The Materials Inventory account showed a beginning balance of $240,000. Production activity for July was as follows: a) Direct materials costing $238,820 were requested for production; b) total manufacturing payroll was $140,690, of which $52,490 was used to pay for indirect labor; c) indirect materials costing $28,400 were purchased and used; and d) overhead was applied at a rate of 150 percent of direct labor costs.

1. Record New Haven's materials, labor, and overhead costs for July in T accounts.

Materials Inventory
Beg. Bal.		Select a. b. d. Item 2
Select a. b. c. d. Item 4		Select b. c. d. Item 6

Work in Process Inventory
Beg. Bal.
Select a. c. Item 9
Select b. c. Item 11
Select c. d. Item 13

Overhead
Select a. b. d. Item 15		Select a. b. c. d. Item 17
Select a. c. d. Item 19

Payroll Payable
		Select a. b. c. d. Item 21

Accounts Payable
		Select a. b. c. d. Item 23

2. Compute the ending balance in the Work in Process Inventory account. Assume a transfer of $461,400 to the Finished Goods Inventory account during the period. $