Problem 11-19A Manufacturing cost flow for one-year period LO 11-1, 11-2, 11-3 Wilson Manufacturing started in 2014 with the following account balances $5,400 Cash Common stock 3,968 Retained earnings 5,800 Raw materials inventory 1,200 Work in process inventory 850 Finished goods inventory (380 units $6.10 each) 2.318 Transactions during 2013 1. Purchased $2.930 of raw materials with cash. 2. Transferred $3,770 of raw materials to the production department 3. Incurred and paid cash for 210 hours of direct labor $15.3 per hour 4. Applied overhead costs to the Work in Process inventory account. The predetermined overhead rate is $16.5 per direct labor hour 5. Incurred actual overhead costs of $3,700 cash. 6. Completed work on 1,210 units for $5.9 per unit. 7. Paid $1,100 in selling and administrative expenses in cash. 8. Sold 1,210 units for $10,500 cash revenue (assume FIFO cost flow). Wilson charges overapplied or underapplied overhead directly to Cost of Goods Sold