Question 1: Allocating Overhead A Company has total direct cost $30,000. Allocated to overhead rate is 35%, Posting the Manufacturing overhead. Date Accounts Debit Credit Question 2: Using Materials A company uses direct materials costing $75,000 and indirect materials costing 7,000. The 8,500 of indirect materials are transferred from Raw Materials Inventory to work-in- process through the Manufacturing Overhead account. Date Accounts Debit Credit Question 3: Purchasing Materials A company purchased raw materials of $150,000 on account in order to produce the finished inventory Date Accounts Debit Credit