T Account Analysis with Unknowns

Partial operating data for Census Company follow. Management has set the predetermined overhead rate for the current year at 125 percent of direct labor costs.

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

Account/Transaction	June	July
Beginning Materials Inventory	a. $	e. $
Beginning Work in Process Inventory	8,605	f.
Beginning Finished Goods Inventory	7,764	6,660
Direct materials requested	5,025	g.
Materials purchased	5,100	6,216
Direct labor costs	4,760	5,540
Overhead applied	b.	h.
Cost of units completed	c.	21,861
Cost of Goods Sold	16,805	i.
Ending Materials Inventory	3,014	2,628
Ending Work in Process Inventory	d.	j.
Ending Finished Goods Inventory	6,660	3,515

June
Materials Inventory
a. Beg. Bal.		Requests:
Purchases		Direct Materials
End. Bal.

Work in Process Inventory
Beg. Bal.		c. Completed
Direct Materials
Direct Labor
b. Overhead
d. End. Bal.

Finished Goods Inventory
Beg. Bal.		Cost of Goods Sold
c. Completed During Period
End. Bal.

July
Materials Inventory
e. Beg. Bal.		g. Requests:
Purchases		Direct Materials
End. Bal.

Work in Process Inventory
f. Beg. Bal.		Completed
g. Direct Materials
Direct Labor
h. Overhead
j. End. Bal.

Finished Goods Inventory
Beg. Bal.		i. Cost of Goods Sold
Completed During Period
End. Bal.