In Control produces screens for use in various smartphones. The company reports the following information at December 31. In Control Enterprises began operations on January 31 earlier that same year. (Click the icon to view additional information.) Read the requirements. Requirement 1. What is the cost of direct materials used? The cost of direct materials used is $ More info Work in Process Inventory 29,500 125,000 62,000 46,000 Wages Payable 77,000 Balance 0 Manufacturing Finished Goods Overhead Inventory Raw Materials Inventory 77,000 2,500 46,000 125,000 114,500 53,500 32,000 15,000 42,000 Print Done Requirements 1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labor? 4. What is the cost of indirect labor? 5. What is the cost of goods manufactured? 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? 7. What is the actual manufacturing overhead? 8. How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? 10. Is manufacturing overhead underallocated or overallocated? By how much? Print Done - X Clear all Check answer