The following T accounts represent November activity Materials Inventory EB (11 30) 57,300 Work In Process Inventory BB (11 1) 32,100 Dir Materials 87,200 Finished Goods Inventory EB (11 30) 98,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Wages Payable Sales Revenue 769,500 Additional Data Materials of $112,200 were purchased during the month, and the balance in the Materials Inventory account increased by $10,300 Overhead is applied at the rate of 150 percent of direct labor cost Sales are billed at 190 percent of cost of goods sold before the over or underapplied overhead is prorated The balance in the Finished Goods Inventory account decreased by $28,600 during the month before any proration of under or overapplied overhead Total credits to the Wages Payable account amounted to $204,000 for direct and indirect labor Factory depreciation totaled $42,440 Overhead was underapplied by $25,580 Overhead other than indirect labor, indirect materials, and depreciation was $194,440, which required payment in cash Underapplied overhead is to be allocated The company has decided to allocate 20 percent of underapplied overhead to Work in Process Inventory, 10 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 Required Complete the T accounts Not all amount fields to be populated have accompanying descriptions Materials Inventory Beg Bal (11 1) Purchases Work in Process Inventory 32 100 87,200 Direct materials Indirect materials Beg Bal (11 1) Direct materials Direct labor Overhead applied Bal End Bal (11 30) 57,300 119,300 End Bal (11 30) 119,300 Finished Goods Inventory Cost of Goods Sold Beg (11 1) Beg Bal (11 1) Bal 98,000 End Bal (11 30) 98,000 End Bal (11 30) Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Beg Bal (11 1) Beg Bal (11 1) Indirect materials End Bal (11 30) 258,000 End Bal (11 30) Wages Payable Sales Revenue Beg Bal (11 1) Beg Bal (11 1) 769,500 Direct labor End Bal (11 30) 769,500 End Bal (11 30)

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The following T-accounts represent November activity. Materials Inventory EB (11/30) 57,300 Work-In-Process Inventory BB (11/1) 32,100 Dir.Materials 87,200 Finished Goods Inventory EB (11/30) 98,000 Cost

The following T-accounts represent November activity.

Materials Inventory
EB (11/30)	57,300

Work-In-Process Inventory
BB (11/1)	32,100
Dir.Materials	87,200

Finished Goods Inventory
EB (11/30)	98,000

Cost of Goods Sold

Manufacturing Overhead Control

Applied Manufacturing Overhead
		258,000

Wages Payable

Sales Revenue
		769,500

Additional Data

Materials of $112,200 were purchased during the month, and the balance in the Materials Inventory account increased by $10,300.
Overhead is applied at the rate of 150 percent of direct labor cost.
Sales are billed at 190 percent of cost of goods sold before the over- or underapplied overhead is prorated.
The balance in the Finished Goods Inventory account decreased by $28,600 during the month before any proration of under- or overapplied overhead.
Total credits to the Wages Payable account amounted to $204,000 for direct and indirect labor.
Factory depreciation totaled $42,440.
Overhead was underapplied by $25,580. Overhead other than indirect labor, indirect materials, and depreciation was $194,440, which required payment in cash. Underapplied overhead is to be allocated.
The company has decided to allocate 20 percent of underapplied overhead to Work-in-Process Inventory, 10 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.

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Required: Complete the T-accounts. Not all amount fields to be populated have accompanying descriptions. Materials Inventory Beg. Bal. (11/1) Purchases Work-in-Process Inventory 32.100 87,200 Direct materials Indirect materials Beg. Bal. (11/1) Direct materials Direct labor Overhead applied Bal. End. Bal. (11/30) 57,300 119,300 End. Bal. (11/30) 119,300 Finished Goods Inventory Cost of Goods Sold Beg. (11/1) Beg. Bal. (11/1) Bal. 98,000 End. Bal. (11/30) 98,000 End. Bal. (11/30) Manufacturing Overhead Control Applied Manufacturing Overhead 258,000 Beg. Bal. (11/1) Beg. Bal. (11/1) Indirect materials End. Bal. (11/30) 258,000 End. Bal. (11/30) Wages Payable Sales Revenue Beg. Bal. (11/1) Beg. Bal. (11/1) 769,500 Direct labor End. Bal. (11/30) 769,500 End. Bal. (11/30)