E3-42B Analyze T-accounts (Learning Objectives 2, 3, 5, & 6) ClearDay Displays produces screens for use in various smartphones. The company reports the following information at December 31. ClearDay Displays began operations on January 31 earlier that same year. Work in Process Inventory Manufacturing Wages Payable Overhead 4,000 43,000 30,500 123,500 77,000 77,000 13,000 64,000 40,500 43,000 Balance 0 Finished Goods Raw Materials Inventory Inventory 123,500 115,500 57,500 34,500 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?