d. None of these answers is co THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 25 THROUGH 30 Wayland Manufacturing uses a normal cost system and had the following data available for 2016: Direct materials purchased on account $ 148,000) Direct materials requisitioned 122,000 Direct labor cost incurred (25.000 hrs.) 2 Fixed overhead applied 200.000 Factory overhead incurred 186,000 Cost of goods completed 485.000 Cost of goods sold 396,000 Total Manufacturing Cost 472.000 Beginning direct materials inventory 26,000 Beginning WIP inventory 44,000 Beginning finished goods inventory 58,000 Overhead application rate of $8.00 per direct labor hour inbt 148000 - 122.oos 25) The journal entry to record the materials placed into production would include credit to Direct Materials Inventory for $122,000 b. debit to Direct Materials Inventory for $148,000. c. credit to WIP Inventory for $122.000 d. debit to WIP Inventory for $148,000 20) The ending balance of direct materials inventory is a. $172,000. b $44,000. S52,000. d. $108,000. a. 27) The Cost of direct labor is $200,000 b. $146,500. C. $322,000. d. $150,000. a. 28) The ending Work in process goods inventory is $58,000. b. $36,000. C. $94,000. d. $292,000. a. 29) The ending balance of finished goods inventory is $49,000. b. $31,000. $44,000. d. $464,000. C. a. 2) The manufacturing overhead was: applied in the amount of $186,000 b. actually incurred in the amount of $200,000 over applied in the amount of $14,000 d. under applied in the amount of $14,000