The following T accounts represent November activity Materials Inventory EB (11 30) 56,000 Work In Process Inventory BB (11 1) 32,600 Dir Materials 85,200 Finished Goods Inventory EB (11 30) 101,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 264,000 Wages Payable Sales Revenue 721,800 Additional Data (a) Materials of $113,500 were purchased during the month, and the balance in the Materials Inventory account increased by $10,800 (b) Overhead is applied at the rate of 150 percent of direct labor cost (c) Sales are billed at 180 percent of cost of goods sold before the over or underapplied overhead is prorated (d) The balance in the Finished Goods Inventory account decreased by $29,000 during the month before any proration of under or overapplied overhead (e) Total credits to the Wages Payable account amounted to $198,000 for direct and indirect labor (f) Factory depreciation totaled $48,300 (g) Overhead was underapplied by $25,800 Overhead other than indirect labor, indirect materials, and depreciation was $202,000, which required payment in cash Underapplied overhead is to be allocated (h) The company has decided to allocate 25 percent of underapplied overhead to Work in Process Inventory, 20 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 Materials Inventory Work in Process Inventory Beg bal (11 1) Beg bal (11 1) 32,600 Purchases Direct materials 85,200 End bal (11 30) 56,400 End bal 117,800 End bal (11 30) 117,800 Finished Goods Inventory Cost of Goods Sold Beg bal (11 1) Beg bal (11 1) End bal 101,000 End bal (11 30) 101,000 End bal (11 30) Manufacturing Overhead Control Applied Manufacturing Overhead Beg bal (11 1) Beg bal (11 1) 264,000 End bal (11 30) 264,000 End bal (11 30) Wages Payable Sales Revenue Beg bal (11 1) Beg bal (11 1) 721,800 End bal (11 30) 721,800 End bal (11 30)

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The following T-accounts represent November activity. Materials Inventory EB (11/30) 56,000 Work-In-Process Inventory BB (11/1) 32,600 Dir.Materials 85,200 Finished Goods Inventory EB (11/30) 101,000 Cost

The following T-accounts represent November activity.

Materials Inventory
EB (11/30)	56,000

Work-In-Process Inventory
BB (11/1)	32,600
Dir.Materials	85,200

Finished Goods Inventory
EB (11/30)	101,000

Cost of Goods Sold

Manufacturing Overhead Control

Applied Manufacturing Overhead
		264,000

Wages Payable

Sales Revenue
		721,800

Additional Data

(a)	Materials of $113,500 were purchased during the month, and the balance in the Materials Inventory account increased by $10,800.
(b)	Overhead is applied at the rate of 150 percent of direct labor cost.
(c)	Sales are billed at 180 percent of cost of goods sold before the over- or underapplied overhead is prorated.
(d)	The balance in the Finished Goods Inventory account decreased by $29,000 during the month before any proration of under- or overapplied overhead.
(e)	Total credits to the Wages Payable account amounted to $198,000 for direct and indirect labor.
(f)	Factory depreciation totaled $48,300.
(g)	Overhead was underapplied by $25,800. Overhead other than indirect labor, indirect materials, and depreciation was $202,000, which required payment in cash. Underapplied overhead is to be allocated.
(h)	The company has decided to allocate 25 percent of underapplied overhead to Work-in-Process Inventory, 20 percent to Finished Goods Inventory, and the balance to Cost of Goods Sold. Balances shown in T-accounts are before any allocation.

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Required: Complete the T-accounts. Materials Inventory Work-in-Process Inventory Beg. bal. (11/1) Beg. bal. (11/1) 32,600 Purchases Direct materials 85,200 End. bal.(11/30) 56,400 End. bal 117,800 End. bal. (11/30) 117,800 Finished Goods Inventory Cost of Goods Sold Beg. bal. (11/1) Beg. bal. (11/1) End.bal 101,000 End. bal. (11/30) 101,000 End. bal. (11/30) Manufacturing Overhead Control Applied Manufacturing Overhead Beg. bal. (11/1) Beg. bal. (11/1) 264,000 End. bal. (11/30) 264,000 End. bal.(11/30) Wages Payable Sales Revenue Beg. bal. (11/1) Beg. bal. (11/1) 721,800 End. bal. (11/30) 721,800 End. bal. (11/30)