The Ameco Company uses a job-order costing system. The following data relate to December, the first month of the company's fiscal year. a) $100,000 in raw materials were purchased for cash. b) $92,000 in raw materials were requisitioned for use in production. Of this amount, $80,000 was for direct materials and the remainder was for indirect materials. c) Total labor wages of $115,000 were incurred and paid. Of this amount, $100,000 was for direct labor and the remainder was for indirect labor. d) Additional manufacturing overhead costs of $148,000 were incurred and paid. e) The company applies manufacturing overhead cost to production on the basis of $9 per hour. A total of 20,000 machine-hours were recorded for December. machine- f) All of the jobs in progress at the end of the month were completed and chipped to customers. Required: 1. Post the above transactions to T-accounts. 2. Determine the cost of goods sold for the period.