1/1/2017	43,000	230,000
	137,000

Work in process control PLEASE JUST ANSWER QUESTIOM 7 - 9 THANK YOU

1/1/2017	40,000
Dir. Manuf.
Labor	350,000

Finish goods control

1/1/2017	8,000	758,100
	923,380

Manufacturing overhead control

	512,000

Manufacturing overhead allocated

Cost of good sold

MORE INFO.

a.	Direct manufacturing labor wage rate was $10 per hour.
b.	Manufacturing overhead was allocated at $13 per direct manufacturing labor-hour.
c.	During the year, sales revenues were $1,060,000, and marketing and distribution costs were $129,000.

Requirements

1.	What was the amount of direct materials issued to production during 2017?
2.	What was the amount of manufacturing overhead allocated to jobs during 2017?
3.	What was the total cost of jobs completed during 2017?
4.	What was the balance of work-in-process inventory on December 31, 2017?
5.	What was the cost of goods sold before proration of under- or overallocated overhead?
6.	What was the under- or overallocated manufacturing overhead in 2017?
7.	Dispose of the under- or overallocated manufacturing overhead using the following:
	a.	Write-off to Cost of Goods Sold
	b.	Proration based on ending balances (before proration) inWork-in-Process Control, Finished Goods Control, and Cost of Goods Sold
8.	Using each of the approaches in requirement 7, calculate Windway's operating income for 2017.
9.	Which approach in requirement 7 do you recommend Windway use? Explain your answer briefly.