D Question 13 4.5 pts The T-accounts below provide selected data about a company's financial results for the year. Raw Material Inventory (DM & IM) Bal. 1/1 $22,500 75,000 Work-in-Process + Bal. 1/1 552,500 $282,000 Direct mat. 72,000 Direct labor 90,000 Overhead 112.500 Bal. 12/31 S ? Bal. 12/31 518,000 Finished Goods Manufacturing Wages Payable $100,500 $66,000 Bal. 1/1 199,000 Bal. 1/1 $90,000 ? 2 Bal. 12/31 $72,000 Cost of Goods Sold Manufacturing Overhead $111,000 ? 2 The amount of over- or under-allocated overhead is: O $10,500 over-allocated $1,500 under-allocated FA Raw Material Inventory (DM & IM) ? Bal 1/1 $22,500 75,000 Work-in-Process + Bal. 1/1 S52,500 $282,000 Direct mat. 72,000 Direct labor 90,000 Overhead 112,500 Bal 12/31 S ? Bal. 12/31 $18,000 Manufacturing Wages Payable Finished Goods + Bal. 1/1 90,000 ? $100,500 S66,000 Bal. 1/1 199,000 ? Bal. 12/31 $72,000 Cost of Goods Sold Manufacturing Overhead $111,000 1 ? ? The amount of over- or under-allocated overhead is: $10,500 over-allocated O $1,500 under-allocated O $10,500 under-allocated O $1,500 over-allocated