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