Inventories Raw materials Work in process Beginning of period $ 36,000 9,700 53,000 End of Period $ 30,000 18,500 33,200 Finished goods Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 186,000 250,000 8,000 57,500 97,000 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 34 Required 2 and 5 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Beginning Purchases Ending Raw Materials Inventory 36,000 Beginning 186,000 Direct materials 57,500 Indirect materials 164,500 Ending Finished Goods Inventory Beginning Beginning Cost of goods manufactured Cost of goods sold Ending Ending Beginning Direct materials Direct labor Overhead applied Ending Beginning Indirect materials Indirect labor Other overhead Work in Process Inventory Beginning Cost of goods manufactured 0 Ending Factory Overhead Beginning Overhead applied Underapplied OH < Required 13 4 and 5 Required 2 > 8,000 57,500 97,000 162,500 Show