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The following T-accounts represent November activity. - Materials of $112,200 were purchased during the month, and the balance in the Materials Inventory account increased by

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The following T-accounts represent November activity. - Materials of $112,200 were purchased during the month, and the balance in the Materials Inventory account increased by $10,500. - Overhead is applied at the rate of 150 percent of direct labor cost. - Sales are billed at 160 percent of cost of goods sold before the over-or underapplied overhead is prorated. - The balance in the Finished Goods Inventory account decreased by $29,100 during the month before any proration of under- 0 overapplied overhead. - Total credits to the Wages Payable account amounted to $203,000 for direct and indirect labor. - Factory depreciation totaled $59,190, - Overhead was underapplied by $24,120. Overhead other than indirect labor, indirect materials, and depreciation was $193,630, which required payment in cash. Underapplied overhead is to be allocated. - The company has decided to allocate 30 percent of underapplled 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, Complete the T-accounts. Not all amount fields to be populated have accompanying descriptions

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