Question

The following T-accounts represent November activity Materials Inventory Work-In-Process Inventory Ев (11/30) вв (11/1) 56,400 32,400 Dir.Materials 86,700 Finished Goods Inventory Cost of Goods Sold EB (11/30) 100,000 Applied Manufacturing overhead Manufacturing Overhead Control 270,000 Wages Payable Sales Revenue 761,900 Additional Data Materials of $111,900 were purchased during the month, and the balance in the Materials Inventory account increased by $10,700. 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 $200,000 for direct and indirect labor. Factory depreciation totaled $60,260. Overhead was underapplied by $25,600. Overhead other than indirect labor, indirect materials, and depreciation was $200,840, which required payment in cash. Underapplied overhead is to be allocated The company has decided to allocate 30 percent of underapplied overhead to Work-in-Process Inventory, 10 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.

please fill in miss parts in T account

Answer 1

t-ACCOUNTS:
DEBIT	AMOUNT$	CREDIT	AMOUNT$
Materials Inventory a/c
Beg Bal.	56400	DM	86700
Purchases	111900	Ind Mate	14500	(BAL. FIG.)
		End Bal.	67100
	168300	Total	168300
Work in Process Inventory a/c
Beg Bal.	32400	FG	373200
DM	86700	End Bal.	203580
DL	180000			(270000/150%)
Overhead Applied	270000
Applied Manuf. O/h	7680
	576780	Total	576780
Finished Goods Inventory a/c
Beg. Bal.	100000	COGS	401000
WIP	373200	End Bal.	72200	(100000-27800)
Applied Manuf. O/h	2560	End Bal.	2560
	475760	Total	475760
Cost of Goods Sold a/c
FG Inve.	401000	Sales Revenue	416360	(7761900/190%)
Applied Manuf. O/h	15360
	416360	Total	416360
Manufacturing Overhead Control a/c
Indi Mat.	14500	Applied Manuf. O/h	295600	(200000-1800000
Indi Lab	20000
Fact. Dep.	60260
other accruals	200840
	295600	Total	295600
Applied Manufacturing Overhead a/c
Manuf. O/h Control	295600	WIP	270000
		WIP (30% of Underapp.)	7680
		FG (10%)	2560
		COGS (60%)	15360
	295600	Total	295600
Wages Payable a/c
		Payroll	200000
Sales Revenue a/c
COGS	416360	Acc. Receivable	761900
GP	345540
	761900	Total	761900