LCD produces screens for use in various smartphones. The company reports the following information at December 31. LCD began operations on January 31 earlier that same year. A (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 i 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? X i More Info Work in Process Inventory 26,000 128,000 60,000 42,000 Wages Payable 78,000 78,000 Manufacturing Overhead 6,500 42,000 18,000 40,500 Finished Goods Inventory 128,000 112,000 Raw Materials Inventory 55,000 32,500 Balance 0 Print Done