Wade Golf Equipment Company manufactures golf club sets in a wide variety of lengths and weights. The following incomplete ledger accounts refer to transactions that are summarized for August:

This is the T-accounts

This is what needs to be filled out

For the T accounts they just need the amount for each account. Example would be how much is in materials and direct labor and then the ending balance. If you cant do the T accounts that is okay.

Materials Aug. Balance 8,000 Aug. 31 Requisitions 31 Purchases 134,000 Goods in Process Aug. 1Balance (B) Aug. 31 Completed Jobs 31 Materials 31 Direct labor 31 Factory overhead applied(E) Finished Goods Aug. Balance 01 Aug. 3 l Cost of goods sold 31 Completed jobs Factory Pavroll Aug Aug 31 Wages incurred 25,000 3 Allocation of Payroll (I) Factory Overhead Aug. Balance 2,000 Aug. 31 Factory overhead applied(E) 31 Indirect labor 31 Indirect materials 31 Other overhead 2,500 64 In addition, the following information is available a. Materials and direct labor were applied to six jobs in August: Direct Job No. Style Quantity Materials Direct Labor No. 1 1 1 DL-8 No. 112 DL-18 100 No. 113 DL-1 125 No. 114SL-101 50 No. 115 SL-110 150 No. 116 DL-14 70 65 S 14,450 S 2,300 19.500 28,50025,150 10,300 28,400 16,80015,800 22,400 12,200 31.300 otal 560 125,650 111,450 b. Factory overhead is applied to each job at a rate of 80% of direct labor cost c. The August 1 Goods in Process balance consisted of two jobs, as follows: Goods in Process, August 1 Job No.| Style ob 111 DLs $18,000 Total 53,000 d. Customer jobs completed and units sold in August were as follows: Completed in Units Sold Job No.| Style No. 111 DL-8 No. 112 DL-18 No. 113 DL-11 No. 114 SL-101 No. 115 SL-110 No. 116 DL-14 August in August 65 79 110 135 2. Using the information from the tables that you constructed and your knowledge of how costs flow in a job order cost accounting system determine the missing amounts associated with each letter in the general ledger accounts shown on the first page. Fill in the correct amounts in the "T" accounts on the first tab of the excel spreadsheet. 3. Determine the August 31 balances for each of the inventory accounts. The balances of G-I-P and Finished Goods should agree with the analysis completed in step #1. 4. Determine whether the factory overhead was over- or under-applied for the period and by how much. Prepare the journal entry that would be recorded to dispose of the over- or under-applied factory overhead. (Prepare this entry at the bottom of the first excel tab) Materials Aug. Balance 8,000 Aug. 3Requisitions 31 Purchases 134,000 Aug. 31 Balance Goods in Process Aug. 1 Balance Aug. 31 Completed jobs 31 Materials 31 Direct labor 31 FO applied Aug. 31 Balance Finished Goods Aug. Balance 0 Aug. 31 Cost of goods sold 1 Completed jobs Aug. 31 Balance Factory Pavroll Aug. 31 Wages incurred 25,000 Aug. 31 Allocation of payroll Factory Overhead (FO) Aug. 1 Balance 2,000 Aug 31 FO applied 31 Indirect labor 31 Indirect materials 31 Other overhead 2,500 64,000 Aug. 31 Balance Aug. 31 Balance Wade Golf Equipment Company Analysis of August Job Costs Applied Factory Overhead Job Number Quantit Aug. 1 Direct MaterialsLabor Direct Total Unit Units CostSold COGS 65 100 125 50 150 70 Job Aug. 31 Units Number GI-P Ending FG Unit Cost Ending FG