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. (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 $ 30,000 Requirement 2. What is the cost of indirect materials used? The cost of indirect materials used is $ i More Info Manufacturing Work in Process Inventory 30,000 127,500 Wages Payable 80,000 80,000 Finished Goods Inventory 127,500 112,000 Raw Materials Inventory 54,000 34,500 Overhead 4,500 46,000 17,000 38,500 63,000 46,000 Balance 0 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