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Requiled: 1. What was the cost of raw materiais used in production during the year? 2. How much of the materials in (1) above consisted
Requiled: 1. What was the cost of raw materiais used in production during the year? 2. How much of the materials in (1) above consisted of indirect moterials? 3. How much of the factory lobor cost for the year consisted of indirect tabor? 4. What was the cost of goods manufactured for the yoar? 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied ovethead 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 $11,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost
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