Requirement 1:

What was the cost of raw materials put into production during the year? (Omit the "$" sign in your response.) The cost of raw materials $

Requirement 2:

How much of the materials in requirement 1 above consisted of indirect materials? (Omit the "$" sign in your response.) Indirect materials $

Requirement 3: How much of the factory labor cost for the year consisted of indirect labor? (Omit the "$" sign in your response.) Indirect labor cost $

Requirement 4:

What was the cost of goods manufactured for the year? (Omit the "$" sign in your response.) Cost of goods manufactured $

Requirement 5:

What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? (Omit the "$" sign in your response.)

Cost of goods sold $

Requirement 6:

If overhead is applied to production on the basis of direct labor cost, what rate was in effect during the year? (Omit the "%" sign in your response.)

The predetermined overhead rate was % of direct labor cost

Requirement 7:

Was manufacturing overhead underapplied or overapplied? By how much? (Input the amount as positive value. Omit the "$" sign in your response.)

Manufacturing overhead was __Over or Underapplied___ by $

Requirement 8:

Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Manufacturing overhead cost? (Omit the "$" sign in your response.)

Direct materials cost $

Manufacturing overhead cost $