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6 More Info Peterson Enterprises manufactures and installs home greenhouses. The company uses a normal-costing system with two direct-cost pools, direct materials and direct manufacturing labor, and one indirect-cost pool, manufacturing overhead. In 2016, manufacturing overhead was allocated to jobs at 120% of direct manufacturing labor cost. At the end of 2016, an immaterial amount of underallocated overhead was closed out to cost of goods sold, and the company showed a small loss Print Done then click Check Answer Clear All Direct materials control, 11/2017 21,000 610,000 Direct materials purchased, 2017 Direct materials added to production, 2017 590,000 Work in process control, 1/1/2017 310,000 Direct manufacturing labor, 2017 958,000 Cost of goods manufactured, 2017 2,960,330 Finished goods control, 1/1/2017 120,000 Finished goods control, 12/31/2017 235,635 Manufacturing overhead costs, 2017 1.350,000 Print Done Requirements 1. Insert the given information in the T-accounts provided. Calculate the following amounts to complete the T-accounts: a. Direct materials control, 12/31/2017 b. Manufacturing overhead allocated, 2017 c. Cost of goods sold, 2017 2. Calculate the amount of under-or overallocated manufacturing overhead. 3. Calculate Peterson's net operating income under the following a. Under- or overallocated manufacturing overhead is written off to cost of goods sold b. Under-or overallocated manufacturing overhead is prorated based on the ending balances in work in process, finished goods, and cost of goods sold 4. Archer chooses option 3a above, stating that the amount is immaterial. Comment on the ethical implications of his choice. Do you think that there were ct Print Done