Zelbra Company adopts absorption costing and has the following balances(before year-end adjustments) as at the year ended December 31, 2021.

Direct Raw Materials $120,000 Dr

WIP Inventory 250,000 Dr

Finished Goods Inventory 176,000 Dr

Cost of Goods Sold 245,000 Dr

Additional information is as follows:

Cost of direct raw materials purchased during 2021 $198,000

Cost of direct raw materials requisitioned during 2021 176,000

Cost of goods manufactured during 2021372,000

For the year 2021, Zelbra Company budgets manufacturing overhead costs to be $251,000 and direct labour hours to be 15,000: these estimates are based on the Company operating at normal capacity. In 2021 actual manufacturing overhead costs $298,500 and the actual direct labour hours were 16,500. Direct labour hours are charged at the rate of $10 per hour. Direct labour hours is used for allocating manufacturing overhead costs. Assume there are no price or efficiency variables for direct labour and direct materials. All manufacturing overhead variances are written off to cost of goods sold at the end of year December 31, 2021. The company uses a production volume variance account and a fixed manufacturing overhead spending variance account. (Do not round any intermediary calculations. Round final answers to the nearest dollar).

Required:

In T-Account format, prepare the following accounts in full, including all adjusting entries as at the year ended December 31, 2021. Ensure that all relevant account names and amounts are shown. Show any relevant calculations as footnotes.

(a) Raw materials inventory account

(b) Work in process inventory account

(c) Finished goods inventory account

(d) Fixed manufacturing overhead allocated account

(e) Fixed manufacturing overhead control account