The following are partially completed T-accounts for Novak. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. Beginning balance Ending balance Beginning balance Ending balance Beginning balance Ending balance DM Inventory 500 1,100 WIP Inventory 2,000 4,300 FG Inventory 7,900 13,400 COGS 196,000

The following are partially completed T-accounts for Novak. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. The only additional information available for this month includes payroll records and a few other items, as follows. 1. Novak paid $86,000 in total payroll costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. 2. It paid $3,600 in total utility costs: 80% was for manufacturing facilities, and 20% was for executive and administrative space. 3. Buildings and equipment used in manufacturing are depreciated at a steady rate of $17,000 per month; buildings and office equipment in executive and administrative spaces are depreciated at a steady rate of $12,000 per month. 4. Other indirect material and indirect labor costs amounted to $2,700