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Selected T-accounts for Marco Rubio, Inc. are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 Debits Debits 37,000 450,000 Credits

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Selected T-accounts for Marco Rubio, Inc. are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 Debits Debits 37,000 450,000 Credits 389,000 Credits Bal. 12/31 55,000 Work in Process Factory Wages Payable Debits 179,000 Bal. 1/1 15,000 Bal. 1/1 Direct materials 79,000 324,000 Credits 750,000 Credits 184,000 Bal. 12/31 20,000 Direct labor Overhead 117,000 430,000 Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 Debits 48,000 Credit Debits Bal. 12/31 134,000

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