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	20,000	May credits	75,000
May debits	62,500
Factory Overhead
May debits	80,000	May 1 balance	7,000
		May credits	72,000
Work in Process Inventory
May 1 balance	14,000	May credits	220,000
May debits:
Direct material	64,500
Direct labor	90,000
Man. overhead	72,000
Factory Payroll Payable
May debits	114,000	May 1 balance	25,000
		May credits	98,000
Finished Goods Inventory
May 1 balance	51,000	May credits	255,000
May debits	220,000

a. Determine the amount of indirect material requisitioned for production during May. $ 0 b. How much indirect labor cost was apparently incurred during May? $ 0 C. Calculate the manufacturing overhead rate based on direct labor cost. 0 % d. Was manufacturing overhead for May under- or over-applied, and by what amount? Manufacturing overhead was by $ 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 by $ 0 for the first five months. f. What is the cost of production completed in May? $ 0 g. What is the cost of goods sold in May? $ 0