T-account HW 10: Enter the transactions into the appropriate t-accounts and include a letter for each entry. Turn in the T-accounts page only via email by 5 pm June 3. a. Beginning balances: Raw materials inventory: $2,000; Work in Process inventory: $2,000 (chalet 3) b. Purchased materials on account for $100,000 c. Requisitioned direct materials in manufacturing as follows: Chalet 1 $13,000; Chalet 2 $9,000; Chalet 3 $14,000; Chalet 4 $8,500 d. Incurred total manufacturing wages of $125,000 which included both direct labor and indirect labor. Direct labor was: Chalet 1 $32,000; Chalet 2 $18,500; Chalet 3 $9.200: Chalet 4 $12,000 e. Depreciation on the manufacturing equipment was $4,300. f. Other overhead costs included property taxes paid in cash of $3,200. 9. MOH was applied to production at the PMOHR of 80% of direct labor cost. h. Chalets 2 and 3 were completed. 1. Chalet #3 was sold on account for $190,000. j. Close MOH and dispose of over or under allocated MOH. Name: T-accounts HW 10 Include a letter for every entry. Raw Materials Work in Process Finished Goods Job Cost Ledger (subsidiary ledger of work in process) chalet 1 chalet 2 chalet 3 chalet 4 Manufacturing Overhead Accounts Payable Cost of Goods Sold Salaries./Wages Payable Accumulated Depreciation Accounts Receivable Sales Revenue Cash