Budenmayer BV is a small machine shop that uses highly skilled labour and a job-costing system (using normal costing). The total debits and credits in certain accounts just before year-end are as follows:

All materials purchased are for direct materials. Note that 'total debits' in the stock accounts would include beginning stock balances, if any.
The preceding accounts do not include the following:
a. The manufacturing labour costs recapitulation for the 31 December working day: direct manufacturing labour, ‚¬5000 and indirect manufacturing labour, ‚¬1000.
b. Miscellaneous manufacturing overhead incurred on 30 December and 31 December: ‚¬1000. Additional information
€¢ Manufacturing overhead has been allocated as a percentage of direct manufacturing labour costs through 30 December.
€¢ Direct materials purchased during 2015 were ‚¬85 000.
€¢ There were no returns to suppliers.
€¢ Direct manufacturing labour costs during 2015 totalled ‚¬150 000, not including the 31 December working day described previously.
Required
1. Calculate the stock (31 December 2014) of Materials Control, Work-in-Progress Control and Finished Goods Control. Show T-accounts.
2. Prepare all adjusting and closing journal entries for the preceding accounts. Assume that all under- or overallocated manufacturing overhead is closed directly to Cost of Goods Sold.
3. Calculate the ending stock (31 December 2015), after adjustments and closing, of Materials Control, Work-in-Progress Control and Finished Goods Control.

30 December 2015 Total debits Total credits Materials Control Work-in-Progress Control Manufacturing Department Overhead Control Finished Goods Control Cost of Goods Sold Manufacturing Overhead Allocated 70 000 100 000 320 000 85 000 325 000 300 000 305 000 300 000 90 000