T Account Analysis with Unknowns
Hard Core Enterprises makes peripheral equipment for computers. Emily Vit, the company’s new controller, can find only the following partial information for the past two months:
| Account/Transaction | July | August |
| Beginning Materials Inventory | $ 52,000 | $ e |
| Beginning Work in Process Inventory | 24,000 | f |
| Beginning Finished Goods Inventory | 36,000 | g |
| Materials purchased | a | 31,000 |
| Direct materials requested | 77,000 | h |
| Direct labor costs | b | 44,000 |
| Overhead applied | 53,200 | i |
| Cost of units completed | C | 167,000 |
| Cost of Goods Sold | 188,000 | j |
| Ending Materials Inventory | 27,000 | 8,000 |
| Ending Work in Process Inventory | D | k |
| Ending Finished Goods Inventory | 12,000 | 19,000 |
The current year’s predetermined overhead rate is 110 percent of direct labor cost.
Required
Using the data provided and T accounts, compute the unknown values.
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