1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labour? 4. What is the cost of indirect labour? 5. What is the cost of goods manufactured? 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? 7. What is the actual manufacturing overhead? 8. How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of direct labour cost? 10. Is manufacturing overhead underallocated or overallocated? By how much? LCD Direct produces LCD touch-screen products. The company reports the following information at December 31. LCD Direct began operations 11 months before, on January 31. Work in Process Inventory Wages Payable 31,500 123,500 79,000 64,500 54,000 Balance 0 Manufacturing Finished Goods Inventory Overhead 79,000 2,500 54,000 123,500 115,500 14,500 40,000 Raw Materials Inventory 54,500 34,000 Requirements