Required information PR 2-38 (Algo) Financial-Statement Elements: Manufacturer (LO 2-5, 2-6) [The following information applies to the questions displayed below.] The following selected information was extracted from the 20x1 accounting records of Lone Oak Products: Raw material purchases Direct labor Indirect labor Selling and administrative salaries Building depreciation* Other selling and administrative expenses Other factory costs Sales revenue ($130 per unit) *Seventy-five percent of the company's building was devoted to production activities; the remaining 25 per for selling and administrative functions. Inventory data: January 1 $ 15,900 35,700 111, 100 December 31 $ 18, 200 62, 100 97,900 $ 176,000 256,000 107,000 133,000 80,000 195,000 343,000 1,495,000 Items Raw material Work in process Finished goods* *The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectiv PR 2-38 (Algo) Part 1: Calculate Lone Oak's manufacturing overhead for the year. Required: 1. Calculate Lone Oak's manufacturing overhead for the year.

Required information PR 2-38 (Algo) Financial-Statement Elements: Manufacturer (LO 2-5, 2-6) [The following information applies to the questions displayed below.] The following selected information was extracted from the 201 accounting records of Lone Oak Products: 'Seventy-five percent of the company's building was devoted to production activities; the remaining 25 per for selling and administrative functions. Inventory data: -The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respecti PR 2-38 (Algo) Part 1: Calculate Lone Oak's manufacturing overhead for the year. Required: 1. Calculate Lone Oak's manufacturing overhead for the year. PR 2-41 (Algo) Incomplete Data; Manufacturing Costs (LO 2-2, 2-5) Determine the missing amounts in each of the following independent cases. Note: Enter all answers as positive value