The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,700 9 oints Work-In-Process Inventory BB (11/1) 33,300 Dir.Materials 85,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 99,000 Manufacturing Overhead Control eBook Applied Manufacturing Overhead 258,000 Sales Revenue 721,800 Wages Payable Print Additional Data References Materials of $113,700 were purchased during the month, and the balance in the Materials Inventory account increased by $11,800. Overhead is applied at the rate of 150 percent of direct labor cost. Sales are billed at 180 percent of cost of goods sold before the over- or underapplied overhead is prorated. The balance in the Finished Goods Inventory account decreased by $28,200 during the month before any proration of under- or overapplied overhead. Total credits to the Wages Payable account amounted to $205,000 for direct and indirect labor. Factory depreciation totaled $31,920. Overhead was underapplied by $25,020. Overhead other than indirect labor, indirect materials, and depreciation was $201,700, which required payment in cash. Underapplied overhead is to be allocated. The company has decided to allocate 25 percent of underapplied overhead to Work-in-Process Inventory, 15 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. Materials Inventory Beg. Bal. (11/1) Purchases Work-in-Process Inventory 33,300 85,500 Direct materials Indirect materials Beg. Bal. (11/1) Direct materials Direct labor Overhead applied Bal. End. Bal. (11/30) 55,700 End. Bal. (11/30) Finished Goods Inventory Cost of Goods Sold Beg. Bal. (11/1) Beg. Bal. (11/1) 99,000 End. Bal. (11/30) 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) End. Bal. (11/30) Wages Payable Sales Revenue Beg. Bal. (11/1) Beg. Bal. (11/1) 721,800 Direct labor End. Bal. (11/30) End. Bal. (11/30)