12. The estimate used to apply overhead to a product cost is called the direct method. 13. A materials requisition form can be used by either the production manager or the raw materials storeroom manager to obtain additional raw materials. 14. The job cost sheet is used to keep records in a process costing system. _15. The only time that finished goods inventory are charged to cost of goods sold is at the end of the year. II. Alpha, Inc. has provided the following data concerning the last month's manufacturing operations: Purchase of raw materials $60,000 Indirect materials included in manufacturing overhead $10,000 Direct Labor $150,000 Manufacturing overhead applied to work-in-process $75,000 Under-applied overhead $6,000 Inventories: Beginning Ending Raw Materials $24,000 $36,000 Work in Process $109,200 $126,750 Finished Goods $67,000 $81,900 Required: (25 points total) 1. (15 pts.) Prepare a Schedule of Cost of Goods Manufactured for the month