Problem $3-44$ Manufacturing Cost Flows; Analysis of T$-$Accounts $($LO $3-2,3-5)$

Perfecto Pizza Company produces microwavable pizzas. The following accounts appeared in Perfecto's ledger as of December

Additional information:

a$.$ Accounts payable is used only for direct$-$material purchases.

b$.$ Underapplied overhead of $$2,600$ for the year has not yet been closed into cost of goods sold.

Required:

Complete the following T$-$accounts.

$\backslash$table$[[$Manufacturing Overhead,Cost of Goods Sold$],[,,,,710,100,,],[,,,,,,],[,0,,,710,100,,],[,,,,,,],[$Wages Payable,Sales Revenue,$],[,,2,000,$Bal. $1/1,,,],[,147,000,,,,,],[,,5,000,$Bal. $12/31,$f$,0,-],[$Accounts Receivable,,,$],[$Bal$.1/1,11,000,,,,,],[,806,000,,,,],[$Bal$.\frac{12}{31},15,000,,,,,]]$