Answer questions 1 and 2

Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Factory Wages Payable Factory Overhead Debit Credit Debit Credit Debit Credit 46 ,000 25 , 250 127 , 000 86 , 750 9,000 103 , 684 9,000 41 , 250 41, 250 62, 370 :03 Work in Process Inventory Finished Goods Inventory Debit Credit Debit Credit 25 , 250 171 , 320 171, 320 154 , 290 36, 750 103, 684 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied