Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the com$-$

pany had one job in process $($Job $201)$ and one job completed but not yet sold $($Job $200).$ Job $202$ was

started during January. Other select account balances follow $($ignore any accounts that are not listed$).$

Cost of Goods Sold

Manufacturing Overhead

Finished Goods Inventory

$\frac{1}{120},000$

Sales Revenue

During January, the company had the following transactions:

a$.$ Purchased $$20,000$ worth of materials on account.

b$.$ Recorded materials issued to production as follows:

c$.$ Recorded factory payroll costs from labor time tickets that revealed the following:

d$.$ Applied overhead to production at a rate of $$25$ per direct labor hour for $600$ actual direct labor hours.

e$.$ Recorded the following actual manufacturing overhead costs:

f$.$ Completed Job $201$ and transferred it to Finished Goods Inventory.

g$.$ Sold Job $200$ for $$31,000.$

Job $202$ was still in process at the end of January.

Required:

Post the preceding transactions to $T-$accounts. Create an additional account called Miscellan$-$

eous Accounts to capture the offsetting of debits and credits to other accounts such as Cash,

Payables, Accumulated Depreciation, and so on$.$

Compute the ending balance in the following accounts:

a$.$ Raw Materials Inventory.

b$.$ Work in Process Inventory.

c$.$ Finished Goods Inventory.

d$.$ Cost of Goods Sold $($unadjusted$).$

e$.$ Manufacturing Overhead.

Compute the total cost of Jobs $201$ and $202$ at the end of January. Where does this cost appear

in the T$-$accounts?