Manufacturing Overhead Finished Goods , . Inventory ' Raw Materials . 123,500 Inventory 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? How much manufacturing overhead was allocated to jobs? hat is the predetermined manufacturing overhead rate as a percentage of direct labor cost? facturing overhead underallocated or overallocated? By how much