Flagstaff Enterprises makes flagpoles. Dan Dalripple, the company’s new controller, can find only the following partial information for the past two months:

The current year’s predetermined overhead rate is 80 percent of direct labor cost.

Required

Using the data provided and T accounts, compute the unknown values.

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Account/Transaction Beginning Materials Inventory Beginning Work in Process Inventory Beginning Finished Goods Inventory Materials purchased Direct materials requested Direct labor costs May $ 36,240 56,480 44,260 June f 96,120 a 82,320 72,250 Overhead applied Cost of units completed Cost of Goods Sold 53,200 221,400 209,050 38,910 Ending Materials Inventory Ending Work in Process Inventory Ending Finished Goods Inventory 41,950 k 51,180 47,940