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- X More info 1. WH irect Work in Process Inventory 28,000 128,000 60,000 42,000 Wages Payable 74,000 74,000 Manufacturing Overhead 6,500 42,000 14,000 37,000 Finished Goods Inventory 128,000 115,000 Raw Materials Inventory 57,500 34,500 Balance 0 Print Done Requirement 1. What is the cost of direct materials used? The cost of direct materials used is Requirement 2. What is the cost of indirect materials used? es The cost of indirect materials used is Requirement 3. What is the cost of direct labor? The cost of direct labor is Requirement 4. What is the cost of indirect labor? The cost of indirect labor is Requirement 5. What is the cost of goods manufactured? The cost of goods manufactured is Requirement 6. What is the cost of goods sold (before adjusting for any under-or overallocated manufacturing overhead)? The cost of goods sold (before adjusting for any under-or overallocated manufacturing overhead) is $ Requirement 7. What is the actual manufacturing overhead? The actual manufacturing overhead is $ Requirement 8. How much manufacturing overhead was allocated to jobs? Allocated manufacturing overhead is Requirement 9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? Identify the formula and then compute the percentage. (Round your answer to the nearest whole percent.) Predetermined Allocated manufacturing overhead Direct labor $ overhead rate $ % Requirement 10. Is manufacturing overhead underallocated or overallocated? By how much? Identify the formula and then compute the underallocated or overallocated overhead. (Use parentheses or a minus sign for overallocated overhead) (Over) Under Actual manufacturing overhead Allocated manufacturing overhead allocated $ $ Manufacturing overhead is underallocated by