10 Inventories Raw materials Work in Finished goods $43,000 10,200 63,000 $52,000 21,300 35,600 process Activities and information for May 4 points Raw materials purchases (paid with cash) Factory payrol1 (paid with cash) Factory overhead 210,000 345,000 Indirect materials Indirect labor Other overhead costs 15,000 80,000 120,000 1,400,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 70% eBook Determine whether there is over or underapplied overhead Hint Factory Overhead Print References