On October I, the general ledger of Morgan Industries had the following accounts and balances Materials inventory Work-in-process inventory $19,200 48 750 8,100 Finished goods inventory Manufacturing overhead (overapplied) The subsidiary ledgers had the following information on October Finished Goods Cards Job Cost Sheets Job Direct Direct Manufacturing Job Number Mat'ls. Labor Overhead Number Cost B8 I s? $7,000 $8,750 B80 $5,200 11500 B82 $20.2 B83 4,300 During October, the following costs were incurred on account Materials $46,500 49,00 6,350 Factory labor Manufacturing overhead A summary of the materials requisition slips and the labor time tickets for the month revealed the following distribution: Applicable To Materials Requisitions Time Tickets Job B8I Job B83 Job B84 Job B85 Job B86 General Use $8,000 5.100 8,6 $4,000 16,750 12,75 Overhead is applied based upon direct labor cost. Jobs B81, B83, and B84 were for 8,000, 6,000 and 4,800 units of product, respectively, and were completed during October. Jobs B80, B8I, B82, and B83 were sold on account for $150,000. Required: Prepare T-accounts for a job order cost system, posting the beginning balances and all tansactions for the month. Clearty indicate the ending balances for the accounts and label the 'cost of goods manufactured" and 'cost of goods sold amounts s manufactured and 'cost of goods sold amounts