Raw Materials Manufacturing Overhead 000 1, 124,000 27,000 Work in Process 22,000 Credits 229,800 Bal. 1/1 Credits Debits Credits Debits Bal. 12/31 Factory Wages Payable Bal. 1/1 Credits Bal. 12/31 Bal. 1/1 10,000 189,000 476,000 Debits Direct materials 92,000 156,000 241,800 184,000 S,000 Direct labor Overhead Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 42,000 Credits Debits Debits Bal. 12/31 63,000 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost