Determine and Use Manufacturing Overhead Rate

The following selected ledger accounts of the Lakewood Manufacturing Company are for May (the fifth month of its accounting year):

Material Inventory

May 1 balance 40,000 May credits 145,000 May debits 125,000 Factory Overhead May debits 160,000 May 1 balance 14,000 May credits 171,000 Work in Process Inventory May 1 balance 28,000 May credits 480,000 May debits: Direct material 129,000 Direct labor 180,000 Man. overhead 171,000 Factory Payroll Payable May debits 200,000 May 1 balance 50,000 May credits 196,000 Finished Goods Inventory May 1 balance 102,000 May credits 500,000 May debits 480,000 a. Determine the amount of indirect material requisitioned for production during May. $Answer 0 b. How much indirect labor cost was apparently incurred during May? $Answer 0 c. Calculate the manufacturing overhead rate based on direct labor cost. Answer 0 % d. Was manufacturing overhead for May under- or over-applied, and by what amount? Manufacturing overhead was Answer by $Answer 0 for May. e. Was manufacturing overhead for the first five months of the year under- or over-applied, and by what amount? Manufacturing overhead was Answer by $Answer 0 for the first five months. f. What is the cost of production completed in May? $Answer 0 g. What is the cost of goods sold in May?