Chapter 16 Practice Problem #2 Directions: Arrange the below accounts in the cost flow order, by creating 1 accounts. Put the given numbers in the correct 1 accounts. Determine the unknown numbers, and the ending balance for each t account. Indicate whether factory overhead is overopplied or underapplied. Clase out the overapplied or underopplied factory overhead to Cost of Goods Sold. Total Wages Payable Direct Labor Indirect Labor Beginning Balance Direct Materials Direct Labor Factory Overhead Transferred Out Ending Balance Beginning Balance Transferred In Endling Balance Beginning Balance Transferred In Transferred Out Ending Balance Wages Payable Work in Process Inventory Factory Overhead Factory Overhead is applied based on direct labor costs. Estimated Factory Overhead Estimated Direct Labor Costs Beginning Balance Purchases Actual Depreciation Expense-Factory Building Actual Amortization Expense-Factory Patents Actual Indirect Materials Used Cost of Goods Sold Direct Materials Used Indirect Materials Ending Balance Finished Goods Inventory Materials Inventory 3,875,600 2,225,600 Unknown 1,500,000 3,301,000 Unknown Unknown 2,985,000 Unknown 76,500 Unknown Unknown 5,500,000 2,000,000 1,720,700 2,406,960 89,600 2,700,000 Unknown 1.683,000 Unknown 5,250,000 Unknown Unknown Unknown 4,900,000

Chapter 16 Practice Probles $2 Directions: Amonge the belew ectaunts in the cost flow erder by creating 1 occounts. Ast the gives numbers in the cerrect t accounts, Deteraine the unbowen nobers, and the ending belence for each t account. Indicote wherther factary everhaed is everuppled or underspplied. Clase ant the everopplied or undercoplied factery overthead to Cost of Goodt Seld. Chapter 16 Practice Probles $2 Directions: Amonge the belew ectaunts in the cost flow erder by creating 1 occounts. Ast the gives numbers in the cerrect t accounts, Deteraine the unbowen nobers, and the ending belence for each t account. Indicote wherther factary everhaed is everuppled or underspplied. Clase ant the everopplied or undercoplied factery overthead to Cost of Goodt Seld