The following T accounts represent November activity Materials Inventory EB (11 30) 55,500 Work In Process Inventory BB (11 1) 33,500 Dir Materials 86,500 Finished Goods Inventory EB (11 30) 98,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 271,500 Wages Payable Sales Revenue 763,800 Additional Data Materials of $113,200 were purchased during the month, and the balance in the Materials Inventory account increased by $11,300 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 $27,800 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 $62,030 Overhead was underapplied by $25,920 Overhead other than indirect labor, indirect materials, and depreciation was $195,990, 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 Check my work mode This shows what is correct or incorrect for the work you have completed so tol It does not Beg Bal (11 1) Purchases Materials inventory 44,200 0 113,200 86,500 0 15 400 OOO Beg Bal (11 1) Direct materials Worken Process Inventory 33,500 0 86,500 496,112 X 181,000 0 Direct materials Indirect materials Direct labor 0 0 Overhead applied 0 End Bal (11 30) 55,500 Bal 271,500 76,388 6,480 82 868 0 End Bel (11 30) Beg Bat (11 1) Beg Bal (11 1) Finished Goods Inventory 0 X 0 496,112 402,000 98,000 0 0 98,000 Cost of Goods Sold 0 402 000 15,552 0 417,552 0 0 0 Bal 0 End Bal (11 30) End Bal (11 30) Beg Bal (11 1) Indirect materials Beg Bal (11 1) Manufacturing Overhead Control 0 0 15,400 271,500 24,000 6,480 62 030 3,888 195,000 15,552 Applied Manufacturing Overhead 271,500 271,500 0 0 0 End Bal (11 30) 4

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The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,500 Work-In-Process Inventory BB (11/1) 33,500 Dir.Materials 86,500 Finished Goods Inventory EB (11/30) 98,000 Cost

The following T-accounts represent November activity.

Materials Inventory
EB (11/30)	55,500

Work-In-Process Inventory
BB (11/1)	33,500
Dir.Materials	86,500

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

Cost of Goods Sold

Manufacturing Overhead Control

Applied Manufacturing Overhead
		271,500

Wages Payable

Sales Revenue
		763,800

Additional Data

Materials of $113,200 were purchased during the month, and the balance in the Materials Inventory account increased by $11,300.
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 $27,800 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 $62,030.
Overhead was underapplied by $25,920. Overhead other than indirect labor, indirect materials, and depreciation was $195,990, 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.

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Check my work mode : This shows what is correct or incorrect for the work you have completed so tol. It does not Beg Bal (11/1) Purchases Materials inventory 44,200 0 113,200 86,500 0 15.400 OOO Beg Bal (11/1) Direct materials Worken-Process Inventory 33,500 0 86,500 496,112 X 181,000 0 Direct materials Indirect materials Direct labor 0 0 Overhead applied 0 End Bal (11/30) 55,500 Bal 271,500 76,388 6,480 82 868 0 End Bel (11/30) Beg Bat (11/1) Beg. Bal. (11/1) Finished Goods Inventory 0 X 0 496,112 % 402,000 98,000 0 % 0 98,000 Cost of Goods Sold 0 402.000 15,552 0 417,552 0 0 0 Bal 0 End. Bal (11/30) End Bal (11/30) Beg Bal (11/1) Indirect materials Beg Bal. (11/1) Manufacturing Overhead Control 0 0 15,400 271,500 24,000 6,480 % 62.030 3,888 % 195,000 15,552 Applied Manufacturing Overhead 271,500 271,500 0 0 0 End Bal. (11/30) 4