Raw Materials Bal. 1/1 33,000 Credits Debits 435,000 Bal. 31/12 66,000 Manufacturing Overhead Debits 391,900 | Credits ? Work in Process Bal. 1/1 74,500 Credits 832, 500 Direct materials 326,000 Direct labour 116,000 Overhead 407, 500 Bal. 31/12 Factory Wages Payable Debits 186,500 Bal. 1/1 13,000 Credits 182 , 500 Bal. 31/12 9,000 Finished Goods Bal. 1/1 45, 400 Credit 2 Debits Bal. 31/12 139,000 Cost of Goods Sold Debits