Selected ledger accounts for Realm Company are given below for the just-completed year:

Raw Materials Bal. 1/1 48,000 Credits ? Debits 510,000 Bal. 31/12 96,000

Manufacturing Overhead Debits 444,200 Credits ?

Work in Process Bal. 1/1 97,000 Credits 960,100 Direct materials 356,000 Direct labour 146,000 Overhead 462,800 Bal. 31/12 ?

Factory Wages Payable Debits 224,000 Bal. 1/1 28,000 Credits 220,000 Bal. 31/12 24,000

Finished Goods Bal. 1/1 72,400 Credit ? Debits ? Bal. 31/12 184,000

Cost of Goods Sold Debits ?

Required: 1. What was the cost of raw materials put into production during the year?

2. How much of the materials in requirement 1 consisted of indirect materials?

3. How much of the factory labour cost for the year consisted of indirect labour?

4. What was the cost of goods manufactured for the year?

5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)?

6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year?

7. Was manufacturing overhead underapplied or overapplied? By how much?

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 $33,800 of this balance is direct materials cost, ho