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fResults of operations: Raw materials purchased on account $453,000 Raw materials (all direct) requisitioned for use in production $417,000 Direct labour cost $545,000 Actual direct

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\fResults of operations: Raw materials purchased on account $453,000 Raw materials (all direct) requisitioned for use in production $417,000 Direct labour cost $545,000 Actual direct labour-hours 46,000 direct labour-hours Manufacturing overhead: Indirect labour cost $151,000 Other manufacturing overhead costs incurred $449,000 Selling and administrative: Selling and administrative salaries $193,000 Other selling and administrative expenses $355,000 Cost of goods manufactured $1,568,000 Cost of goods sold (unadjusted) $1 ,498,000 Required: a. What is thejournal entry to record raw materials used in production? b. What is the ending balance in Raw Materials? c. What is the journal entry to record the direct and indirect labour costs incurred during the year? d. What is the total amount of manufacturing overhead applied to production during the year? What is the total manufacturing cost added to Work in Process during the year? What is the journal entry to record the transfer of completed goods from Work in Process to Finished Goods? What is the ending balance in Work in Process? Is manufacturing overhead overapplied or underapplied for the year? By how much? What is the cost of goods available for sale during the year? What is the journal entry to record the unadjusted cost of goods sold? What is the adjusted cost of goods sold for the year? What is the gross margin for the year? 7"\"? Fro

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