Problem 5-26 T-Account Analysis of Cost Flows [LO3, LO6, LO7] Selected ledger accounts for Realm Company are given below for the Just-completed year: Required: 1. What was the cost of raw moterials put into production during the year? 2. How much of the materials in requirement 1 consisted of indirect materials? 3. How much of the factory labour cost for the year consisted of indirect laboun? 4. What was the cost of poods manufoctured for the year? 5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,500 of this balance is direct materials cost, how much of it is direct lobour cost? Manufacturing overhead cost