On October 1, the General Ledger of Morgan Industries Had

On October 1, the general ledger of Morgan Industries had the following accounts and balances:
$\begin{array}{lr}\text { Materials inventory } & \$ 19,200 \\\text { Work-in-process inventory } & 48,750 \\\text { Finished goods inventory } & 8,100 \\\text { Manufacturing overhead (overapplied) } & 2,000\end{array}$

The subsidiary ledgers had the following information on October 1:

During October, the following costs were incurred on account:
$\begin{array}{lll}\text { Materials } & \$ & 46,500 \\\text { Factory labor } & & 49,000 \\\text { Manufacturing overhead } & & 56,350\end{array}$

A summary of the materials requisition slips and the labor time tickets for the month revealed the following distribution:
$$\begin{array} { l c r } & \text { Materials } & \\\text { Applicable To } & \text { Requisitions } & \text { Time Tickets } \\\text { Job B81 } & \$ 8 , 0 0 0 & \$ 4,000 \\\text { Job B83 } & 5,100 & 1,700 \\\text { Job B84 } & 8,600 & 10,500 \\\text { Job B85 } & 19,900 & 16,750 \\\text { Job B86 } & 12,750 & ? \\\text { General Use } & \underline{? }&\underline{ 4,500} \\ & \underline{5 8 , 2 5 0 } &\underline{ ?}\end{array}$$
Overhead is applied based upon direct labor cost. Jobs B81, B83, and B84 were for 8,000, 6,000 and 4,800 units of product, respectively, and were completed during October. Jobs B80, B81, B82, and B83 were sold on account for $150,000.
Required:
Prepare T-accounts for a job costing system, posting the beginning balances and all transactions for the month. Clearly indicate the ending balances for the accounts and label the 'cost of goods manufactured' and 'cost of goods sold' amounts.