Only LCD produces screens for use in various smartphones. The company reports the following information at December 31. Only 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 More info Work in Process Inventory 29,500 128,500 61,000 47,000 Wages Payable 72,000 72,000 Manufacturing Overhead 3,000 47,000 11,000 37,500 Finished Goods Inventory 126,500 113,500 Raw Materials Inventory 56,000 32,600 Balance 0 - X Requirements Print Done 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- overallocated manufacturing overhead)? 7. What is the actual manufacturing overhea 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