Question # 19: The December 31, 2008 trial balance of the Nouman Sugar Mills showed: Direct Material Purchased Direct labor Actual Factory overhead Inventories Finished goods Work in process Materials Required 225,000 350,000 210,000 Jan, 2008 467,000 136,000 196,000 transportation in 3,200 Factory overhead applied @ 50% of direct labor cost Dec. 31, 2008 620,000 129,000 176,000 1. Cost of goods sold. 2. Calculation of Material Consumed. 3. Calculation of over or under applied Factory overhead.