Selected accounts with some debts and credits omitted are presented below for the ledgers of a manufacturing company. Answer the questions on the following page using these ledgers.The factory overhead application rate is 30% of direct labor costs

1. Calculate the missing items marked with a question mark in the ledgers above.

MATERIALS 2014 Date Oct. 1 Oct. 31 Materials Oct. 31 Direct Materials requisitioned Description 1Beginning Balance Debit Credit Debit Credit 150,000 ased 100,000 250,000 Indirect materials Oct. 31 requisitioned 80,000 2014 Date Oct. 1 Beginning Balance WAGES PAYABLE Description Debit Credit Debit Credit 435,000 4 Paid wages 435,000 Oct. 31 Direct Labor expenses Oct. 31 Indirect Labor expenses 2014 Date Oct. 1 Oct. 31 Direct materials Oct 31 Direct labor Oct. 31 Factory Overhead applied Oct. 31 Goods completing production WORK-IN-PROCESS Description Debit Credit Debit Credit 1Beginning Balance 90,000 205,000.00 390,000.00 162,000.00 FACTORY OVERHEAD Balance Debit Date Oct. 1 Oct. 31 Indirect labor Oct. 31 Indirect materials used Oct. 31 Factory Overhead applied Description Debit Credit Credit 1Beginning Balance 80,000 45,000.00