Exercise 7-25 (Algo) Assigning Costs to Jobs (LO 7-2, 3) Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory Work-In-Process Inventory Finished Goods Inventory BB (11/1) 46,000 BB (11/1) 76,000 BB (1171) 96,800 136,000 185,000 Labor 70,000 196,000 136, eee Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 94,000 Additional information for November follows: Labor wage rate was $20 per hour, Manufacturing overhead is applied at $25 per direct labor hour. During the month, sales revenue was $350,000, and selling and administrative costs were $64.000, This company has no indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? 1. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. LI- e. What was the over- or underapplied manufacturing overhead for November? 1. What was the operating profit (loss) for November? Any over or underopplied overhead is written off to Cost of Goods Sold oped Complete this question by entering your answers in the tabs below. ook rences Required A Required B Required Required D Required E Required F What was the over- or underapplied manufacturing overhead for November? manufacturing overhead 1. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to cost of Goods Sold. Operating profit (los) Required E