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Factory Overhead Debit Credit Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit
Factory Overhead Debit Credit Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 45,100 24,350 8,100 Factory Mages Payable: Debit Credit 126,100 85,850 40,350 Finished Goods Inventory Credit Dabit Credit 170,420 153,390 Work in Process Inventory Debit 24,350 170,420 85,050 102,784 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 11 Required 2 8,100 102,784 40,350 61,470
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