Hoover, Inc., uses a job-order coding system. The companys inventory balances on February 1, the start of its fiscal year, were as follows:

Raw Materials Inventory	$69,325
Work in Process Inventory	$55,100
Finished Goods Inventory	$81,256

During the year, the following transactions were completed:

Raw materials were purchased on account, $215,221.

Raw materials were issued from the storeroom for use in production, $198,000 (70% direct and 30% indirect).

Employee salaries and wages were accrued as follows: direct labor, $243,300; indirect labor, $98,750; and selling and administrative salaries, $72,340.

Utility costs were incurred in the factory, $79,233.

Advertising costs were incurred, $110,600.

Prepaid insurance expired during the year, $35,000 (80% related to factory operations, and 20% related to selling and administrative activities).

Depreciation was recorded, $192,100 (75% related to factory assets, and 25% related to selling and administrative assets).

Manufacturing overhead was applied to jobs at the rate of 160% of direct labor cost.

Goods that cost $720,200 to manufacture according to their job cost sheets were transferred to the finished goods warehouse.

Sales for the year totaled $1,293,300 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $725,825.

Prepare the T-accounts for raw materials inventory, work in process inventory, finished goods inventory, manufacturing overhead, and cost of goods sold. Dont forget to enter the beginning balances in the inventory accounts.