During September, the following transactions were completed and reported by Golder Products, Inc.:
a. Purchased materials on account for $50,100.
b. Issued materials to production to fill job-order requisitions: direct materials, $30,000; indirect materials, $15,000.
c. Accumulated payroll for the month: direct labor, $70,000; indirect labor, $32,000; administrative, $18,000; sales, $9,900.
d. Accrued depreciation on factory plant and equipment of $13,400.
e. Accrued property taxes during the month for $1,450 (on factory).
f. Recorded expired insurance with a credit to the prepaid insurance account of $6,200.
g. Incurred factory utilities costs of $6,000.
h. Paid advertising costs of $7,200.
i. Accrued depreciation: office equipment, $1,500; sales vehicles, $650.
j. Paid legal fees for preparation of lease agreements of $750.
k. Charged overhead to production at a rate of $9 per direct labor hour. Recorded 8,000 direct labor hours during the month.
l. Incurred cost of jobs completed during the month of $158,000.
The company also reported the following beginning balances in its inventory accounts:
Materials Inventory ………………………$ 5,000
Work-in-Process Inventory ……………… 30,000
Finished Goods Inventory ………………. 60,000

Required:
1. Prepare journal entries to record the transactions occurring in September.
2. Prepare T-accounts for Materials Inventory, Overhead Control, Work-in-Process Inventory, and Finished Goods Inventory. Post all relevant entries to these accounts.
3. Prepare a schedule of cost of goods manufactured.
4. If the overhead variance is all allocated to Cost of Goods Sold, by how much will Cost of Goods Sold decrease or increase?