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Selected ledger accounts for Realm Company are given below for the just-completed year: Required: 1. What was the cost of raw materials put into production during the year? 2. How much of the materials in requirement 1 consisted of indirect materials? 1. Whet was the cost of rew materiais put into production during the year? 2. How much of the materiais in requirement 1 consisted of indirect materiais? 3. How much of the foctory labour coss for the yoar consisted of indirect labour? 4. What was the cost of goods manufectured for the year? 5. What was the cost of goods sold for the year foefore considering underappled or overapplied overheadi? 6. If overhend is appled to production on the bass of direct maleriais cost, what rate was in effect during the year? 7. Was menufactinng overteed underapplied or overapplied? Dy how mueh? a. Compue the ending bilance in the Work in Procews invertory accesint Assume that this baiance consists entrey of 3. How much of the factory labour cost for the year consisted of indirect labour? 4. What was the cost of goods manufactured for the year? 5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? 6. If overhend is applied to production on the basis of direct moterials cost, what rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? Ey how much? 14. Compute the ending baiance in the Work in frocess inventory account Assume that this balance consists entrely of