Exercise 2: Keezel Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Keezel for 2017 are as follows: Direct Materials Control Work-in-Process Control 1-1-2017 42,000 148,000 1-1-2017 82,000 135,000 Dir. manut. labor Finished Goods Control 1-1-2017 105,000 700,000 705,000 285,000 Manufacturing Overhead Control Manufacturing Overhead Allocated Cost of Goods Sold 425,000 Additional information follows: a. Direct manufacturing labor wage rate was $15 per hour. b. Manufacturing overhead was allocated at $20 per direct manufacturing labor-hour. c. During the year, sales revenues were $1,550,000, and marketing and distribution costs were $810,000. Required: 1. What was the amount of direct materials issued to production during 2017? 2. What was the amount of manufacturing overhead allocated to jobs during 2017? 3. What was the total cost of jobs completed during 2017? 4. What was the balance of work-in-process inventory on December 31, 2017? 5. What was the cost of goods sold before proration of under- or overallocated overhead? 6. What was the under- or overallocated manufacturing overhead in 2017