Question: Please do the ones with an x by them. I cannot figure it out for the life of me.. thank you! Conundrum Corporation manufactures furniture.
Please do the ones with an x by them. I cannot figure it out for the life of me.. thank you!



Conundrum Corporation manufactures furniture. Due to a fire in the administrative offices, the accounting records for November of the current year were partially destroyed. You have been able to piece together the following information from the ledger. Upon examining various source documents and interviewing several employees, you were able to gather the following additional information. a. Collections of accounts receivable during November amounted to $205,000. b. Sales revenue in November was 120 percent of cost of goods sold. All sales are on account. c. Overhead is applied using an annual predetermined overhead rate using direct-labor hours (based on practical capacity). d. The budgeted overhead for the current year is $720,000. e. Budgeted direct-labor cost for the current year is $960,000. The direct-labor rate is $20 per hour. f. The accounts payable balance on November 30 was $1,000. Only purchases of raw material are credited to accounts payable. A payment of $81,000 was made on November 15. g. November's cost of goods sold amounted to $180,000. h. The November 30 balance in finished-goods inventory was $5,000. i. Payments of $79,500 were made to direct-labor employees during November. The October 31 balance in the Wages Payable account was $1,000. j. The actual manufacturing overhead for November was $60,000. k. An analysis of the furniture still in process on November 30 revealed that so far these items have required 500 hours of direct labor and $20,500 of direct material. Required: a. Calculate the following amounts. b. Complete the T-accounts with the help of the additional information given in the problem. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the following amounts. Complete the T-accounts with the help of the additional information given in the
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