Raw materials Nov 30- $10,000

Raw materials Dec 31- $12,00

Work in process Nov 30- $15,000

Work in process Dec 31- $20,000

Finished goods Nov 30- $7,500

Finished goods Dec 31-$10,000

Indirect materials-$5,000

Indirect labor-$7,000

Other overhead costs-$30,0000

Factory payroll-$57,000

Raw materials purchased-$40,000

Sales-$200,000

Predetermined overhead rate based on direct labor cost-70%

1. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured. 4. Compute cost of goods sold. (Do not consider any underapplied or overapplied overhead.) Inventories Factory Overhead for December Indirect materials Other overhead costs Sales, Materials, and Payroll for December Factory payroll Raw materials purchases Predetermined Overhead Rate Sales Predetermined overhead rate based on direct labor cost 10%