At the beginning of 2012, Conway Manufacturing Company had the following account balances:
During the year, the following transactions took place:
$$\begin{array} { l l }
\text { Actual manufacturing overhead costs incurred } & \$ 89,770 \
\text { Manufacturing overhead costs allocated to production } & \$ 95,200 \
\text { Actual direct materials cost } & \$ 224,000 \
\text { Actual direct labor cost } & \$ 93,750 \
\text { Actual direct labor hours } & 18,500 \text { direct labor hours } \
\text { Actual machine hours } & 56,000 \text { machine hours }
\end{array}$$
Please record these transactions to the T-accounts and calculate preliminary balances in the Work in process, Finished goods and Manufacturing overhead accounts, using the format below:

Question

At the beginning of 2012, Conway Manufacturing Company had the following account balances:  
During the year, the following transactions took place:
 $$\begin{array} { l l } 
\text { Actual manufacturing overhead costs incurred } & \$ 89,770 \
\text { Manufacturing overhead costs allocated to production } & \$ 95,200 \
\text { Actual direct materials cost } & \$ 224,000 \
\text { Actual direct labor cost } & \$ 93,750 \
\text { Actual direct labor hours } & 18,500 \text { direct labor hours } \
\text { Actual machine hours } & 56,000 \text { machine hours }
\end{array}$$ 
Please record these transactions to the T-accounts and calculate preliminary balances in the Work in process, Finished goods and Manufacturing overhead accounts, using the format below:

Quizplus · Accepted Answer

The Answer of At the beginning of 2012, Conway Manufacturing Company had the following account balances:  
During the year, the following transactions took place:
 $$\begin{array} { l l } 
\text { Actual manufacturing overhead costs incurred } & \$ 89,770 \
\text { Manufacturing overhead costs allocated to production } & \$ 95,200 \
\text { Actual direct materials cost } & \$ 224,000 \
\text { Actual direct labor cost } & \$ 93,750 \
\text { Actual direct labor hours } & 18,500 \text { direct labor hours } \
\text { Actual machine hours } & 56,000 \text { machine hours }
\end{array}$$ 
Please record these transactions to the T-accounts and calculate preliminary balances in the Work in process, Finished goods and Manufacturing overhead accounts, using the format below:

At the Beginning of 2012, Conway Manufacturing Company Had the Following