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Partial operating data for Merton Company are presented below. Management has set the predetermined overhead rate for the current year at 120 percent of direct

Partial operating data for Merton Company are presented below. Management has set the predetermined overhead rate for the current year at 120 percent of direct labor costs. ACCOUNT/TRANSACTION June July Beginning materials inventory a e Beginning work in process inventory $89,605 f Beginning finished goods inventory 79,764 $67,660 Direct materials requested 59,025 g Materials purchased 57,100 60,216 Direct labor costs 48,760 54,540 Overhead applied b h Cost of units completed c 231,861 Cost of goods sold 166,805 i Ending materials inventory 32,014 27,628 Ending work in process inventory d j Ending finished goods inventory 67,660 30,515 Using T accounts and the data provided, compute the unknown values. Show all you computations

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