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order costing system, Overhead is applied using a predetermined overhead rate of 70% of direct labor cost. 1. In the Raw Materials inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materlals used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. 1. In the Aew Materiais Imventory T-account, Insert amounts for beginning and ending balances along with purchases and indiroct materials used. 5olve for direct mater 3. In the Work in Process Inventory T-dccount, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor ulend (frart goodi inansifactured in the peried. 4. In the Finished Goods Imventory T-account, insert amounts for beginning and ending balances alang with cost of goods manufactured (fram part 3). Salve for cost of under- or overappilied overthead). 5. In the Factory Overhead Traccount, insert amounts for indirect materiais used, indirect tabor used, other overhead conts, and applied overhead. Solve for underapplit 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances aiong with direct materials used (from part 1). direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead, Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Compute the cost of direct labor used for the period. order costing system, Overhead is applied using a predetermined overhead rate of 70% of direct labor cost. 1. In the Raw Materials inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materlals used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. 1. In the Aew Materiais Imventory T-account, Insert amounts for beginning and ending balances along with purchases and indiroct materials used. 5olve for direct mater 3. In the Work in Process Inventory T-dccount, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor ulend (frart goodi inansifactured in the peried. 4. In the Finished Goods Imventory T-account, insert amounts for beginning and ending balances alang with cost of goods manufactured (fram part 3). Salve for cost of under- or overappilied overthead). 5. In the Factory Overhead Traccount, insert amounts for indirect materiais used, indirect tabor used, other overhead conts, and applied overhead. Solve for underapplit 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances aiong with direct materials used (from part 1). direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead, Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Compute the cost of direct labor used for the period