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E3-28A (similar to) Question Help Question Viewer Heartfelt produces screens for use in various smartphones. The company reports the following information at December 31. Heartfelt began operations on January 31 earlier that same year. (Click the icon to view additional information.) Read the requirements. Requirement 1. What is the cost of dired More Info The cost of direct materials used is $ Work in Process Finished Goods Raw Materials Wages Payable Manufacturing Overhead Inventory Inventory 126,500 114,000 Inventory 58,000 34,000 126,500 72,000 72,000 8,000 42,000 26,000 60,500 42,000 11,500 43,000 Balance 0 Print Done i X Requirements 1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labor? 4. What is the cost of indirect labor? 5. What is the cost of goods manufactured? 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? 7. What is the actual manufacturing overhead? 8. How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? 10. Is manufacturing overhead underallocated or overallocated? By how much? Print Done