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The following T-accounts represent November activity. Materials Inventory EB (11/30) 56,200 Work-In-Process Inventory BB (11/1) 32,100 Dir.Materials 85,800 Cost of Goods Sold Finished Goods Inventory EB (11/30) 103,000 Manufacturing Overhead Control Applied Manufacturing Overhead 270,000 Sales Revenue 763,800 Wages Payable Additional Data Materials of $112,900 were purchased during the month, and the balance in the Materials Inventory account increased by $11,100. 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 $29,600 during the month before any proration of under-or overapplied overhead. Total credits to the Wages Payable account amounted to $201,000 for direct and indirect labor. Factory depreciation totaled $62,010. Overhead was underapplied by $25,620. Overhead other than indirect labor, indirect materials, and depreciation was $196,610, which required payment in cash. Underapplied overhead is to be allocated. 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. Not all amount fields to be populated have accompanying descriptions. Complete the T-accounts. Not all amount fields to be populated have accompanying descriptions. Materials Inventory Beg. Bal. (11/1) Purchases Work-in-Process Inventory 32,100 85,800 Direct materials Indirect materials Beg. Bal. (11/1) Direct materials Direct labor Overhead applied Bal. End. Bal. (11/30) 56,200 End. Bal. (11/30) Finished Goods Inventory Cost of Goods Sold Beg. Bal. (11/1) Beg. Bal. (11/1) Bal. 103,000 End. Bal. (11/30) End. Bal. (11/30) Manufacturing Overhead Control Applied Manufacturing Overhead 270,000 Beg. Bal. (11/1) Beg. Bal. (11/1) Indirect materials End. Bal. (11/30) End. Bal. (11/30) Wages Payable Sales Revenue Beg. Bal. (11/1) Beg. Bal. (11/1) 763,800 Direct labor End. Bal. (11/30) End. Bal. (11/30)

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