Ch 5 Homework i Saved Selected ledger accounts for Realm Company are given below for the just-completed year: Raw Materials Bal. 1/1 44,000 Credits Debits 490,000 Bal. 31/12 88,000 10 points Manufacturing Overhead References Debits 434,600 Credits Work in Process Bal. 1/1 91,000 Credits 928,100 Direct materials 348,000 Direct labour 138,000 Overhead 452,400 Bal. 31/12 Factory Wages Payable Debits 214,000 Bal. 1/1 24,000 Credits 210,000 Bal. 31/12 20,000 Finished Goods Bal. 1/1 65,200 Credit Debits Bal. 31/12 172,000 Mc Graw Hil 17 Google Calendar -... ChatGPT: Optimize.. Class Managerial... MindTap - Cen omework i Saved 4. What was the cost of goods manufactured for the year? Cost of goods manufactured ences 5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? Cost of goods sold 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? Predetermined overhead rate % 7. Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by