Selected ledger accounts for Realm Company are given below for the just-completed year: Raw Materials Credits ? Bal. 1/1 Debits 41,000 475,000 Bal.31/12 82,000 Manufacturing Overhead Debits 427,400 Credits ? Work in Process Credits 904,100 Bal. 1/1 Direct materials Direct labour Overhead 86,500 342,000 132,000 444,600 Bal. 31/12 ? Factory Wages Payable Debits 206,500 Bal. 1/1 Credits 21,000 202,500 Bal. 31/12 17,000 Finished Goods Credit ? Bal. 1/1 Debits 59,800 ? Bal. 31/12 163,000 Cost of Goods Sold Debits ? 5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? Cost of goods sold 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? Predetermined overhead % rate 7. Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by 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 $33,100 of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost? Ending balance in the work in process Direct labour cost Manufacturing overhead cost