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Factory Overhead Debit Credit 9,700 104,384 41,950 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials
Factory Overhead Debit Credit 9,700 104,384 41,950 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 46,700 25,950 9,700 Work in Process Inventory Factory Wages Payable Debit 127,700 Credit 87,450 41,950 Debit Credit Finished Goods Inventory Debit Credit 25,950 172,020 172,020 154,990 87,450 104,384 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used: c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used 63,070
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