McGown Corp. has the following information: 5 Beginning Ending Inventory Inventory (1/1) (12/31) $ 28,700 $ 39,700 $ 24,900 $ 26,800 $ 37,200 $ 23,900 30 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases $109,700 Direct labor $ 81,100 Manufacturing overhead applied $ 86,000 Indirect materials $ 0 Compute the direct materials used in production. Multiple Choice $98,700 O $28.700 Ragtime Company had the following information for the years Direct materials used Direct labor incurred (6,100 hours) Actual manufacturing overhead incurred $110,000 $156,100 $171,900 Ragtime Company used a predetermined overhead rate of $41 per direct labor hour for the year. Assume the only Inventory balance is an ending Work in Process Inventory balance of $17,700. What was cost of goods manufactured? Multiple Choice $446,000 $455,700 O $505,500 $274,100 . Next When disposed of, underapplied manufacturing overhead will: Multiple Choice increase Finished Goods. O decrease Finished Goods. increase Cost of Goods Sold. O decrease Cost of Goods Sold. When units are sold, the cost associated with the units is credited to which account? Multiple Choice Raw Materials Inventory Cost of Goods Sold Work in Process Inventory Finished Goods Inventory