The following T$-$accounts represent September activity for Kelly Tools:

Additional Data

Sales are billed at $175$ percent of Cost of Goods Sold before the over$-$or underapplied overhead is prorated.

Materials of $$76,500$ were purchased during the month, and the balance in the Materials Inventory account increased by $$5,700$

Overhead is applied at the rate of $210$ percent of direct materials cost.

The balance in the Finished Goods Inventory account decreased by $$19,700$ during the month before any proration of under$-$ or overapplied overhead.

Total credits to the Wages Payable account amounted to $$135,300$ for direct and indirect labor.

Factory depreciation totaled $$32,700.$

Overhead was overapplied by $$17,200.$ Overhead other than indirect labor, indirect materials, and depreciation incurred was $$54,850,$ which required payment in cash. Overapplied overhead is to be allocated.

The company has decided to allocate $12$ percent of overapplied overhead to Work$-$in$-$Process Inventory, $23$ percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown in T$-$accounts are before any allocation.

Required:

Complete the T$-$accounts. Not all amount fields to be populated have accompanying descriptions.

$\backslash$table$[[$Materials Inventory,$],[$Dobit$,,$Credit,$],[$Beginning Balance $(\frac{9}{1}),,,],[$Purchases$,,,$Direct materials$],[,,,$Indirect materials$],[,,,],[,,,],[,,,]]$

Finishod Goods Inventory

$\backslash$table$[[$Finishod Goods Inventory,$],[$Debit$,,],[$Beginning Balance $(\frac{9}{1}),,,],[,,,],[$Balance before proration,,,$],[,,,],[,,,],[,,,]]$

$\backslash$table$[[$Manufacturing Overhead Control,,$],[$Beginning Balance $(9/1),,,],[$Indirect materials,,,$],[,,,],[,,,],[,,,],[,,,],[,,,]]$

$\backslash$table$[[$Wages Payable,$],[$Debit$,,,],[$Beginning Balance $(\frac{9}{1},,,$Credit$],[,,,],[,,,],[,,,],[,,,],[,,,]]$

The following T$-$accounts represent September activity for Kelly Tools:

Additional Dato

Sales are billed at $175$ percent of Cost of Goods Sold before the over$-$ or underapplied overhead is prorated.

Materials of $$76,500$ were purchased during the month, and the balance in the Materlals Inventory account increased by $$5,700$

Overhead is applied at the rate of $210$ percent of direct materials cost.

The balance in the Finished Goods Inventory account decreased by $$19,700$ during the month before any proration of under$-$or overapplied overhead

Total credits to the Wages Payable account amounted to $$135,300$ for direct and indirect labor.

Factory depreclation totaled $$32700$

Overhead was overapplied by $$17,200.$ Overhead other than indirect labor, Indirect materials, and depreclation incurred was $$54,850,$ which required payment in cash. Overapplied overhead is to be allocated.

The company has decided to allocate $12$ percent of overapplied overhead to Work$-$In$-$Process Inventory, $23$ percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown In T$-$accounts are before any allocation.

Required:

Complete the T$-$accounts. Not all amount fields to be populated have accompanying descriptions.

$\backslash$table$[[$Materials Inventory$],[$Debit$,,,$Credit$],[\backslash$table$[[$Beginning Balance $(\frac{9}{1})$

Additional Data

Sales are billed at $175$ percent of Cost of Goods Sold before the over$-$ or underapplied overhead is prorated.

Materials of $$76,500$ were purchased during the month, and the balance in the Materials Inventory account increased by $$5,700$

Overhead is applied at the rate of $210$ percent of direct materials cost.

The balance in the Finished Goods Inventory account decreased by $$19,700$ during the month before any proration of under$-$or overapplied overhead.

Total credits to the Wages Payable account amounted to $$135,300$ for direct and indirect labor.

Factory depreciation totaled $$32,700.$

Overhead was overapplied by $$17,200.$ Overhead other than indirect labor, indirect materials, and depreciation incurred was $$54,850,$ which required payment in cash. Overapplied overhead is to be allocated.

The company has decided to allocate $12$ percent of overapplied overhead to Work$-$in$-$Process Inventory, $23$ percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown in T$-$accounts are before any allocation.

Required:

Complete the T$-$accounts. Not all amount fields to be populated have accompanying descriptions.