Required: Selected ledger accounts for Serenade Processing Company You have the option of doing some or all of your calculations with the use of the above t-accounts, or cell reference your are given below for the year ended October 31, 2021: calculations directly to the amounts provided within the t-accounts. Raw Materials 1 What was the cost of indirect materials put into production during the year? Open 20,000 Debits 630,000 ? Credits 2 What was the cost of goods manufactured for the year? Close S 47,800 3 How much of the factory labour cost for the year consisted of indirect labour? WIP - Mixing Department 4 What was the balance in the manufacturing overhead account? Open S 50,000 Was manufacturing overhead underapplied or overapplied? Direct materials 330,000 ? Credits Direct labour 200,000 5 What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? Applied Overhead 400,000 Close S 120,000Factory Wages Payable S 10,000 Open Debits 389,000 382,600 Credits ? Close Cost of Goods Sold Open Debits CloseWIP - Finishing Department Open $ 60,000 Transferred in Direct materials 200,000 ? Credits Direct labour 120,000 Applied Overhead 240,000 Close $ 122,900 Finished Goods Open 40,000 Debits ? Credits Close 130,000 Manufacturing Overhead Debits 686,000 ? Credits Close Close