Selected ledger accounts for Realm Company are given below for the just completed year Bal. 1/3 Debits Bal. 31/12 Raw Materials 36,000 Credits 450,000 72,000 Manufacturing Overhead 398,800 Credits Debits 155,000 Bal 1/1 Direct materials Direct labour Overhead Bol. 31/12 Work in Process 79,000 Credits 32.000 122.000 415,000 2 Debits Factory wages Payabia 194,000 Bal. 1/1 Credits Bal. 31/12 16,000 190,000 12,000 Finished Goods 50,00 Credit Bal. 1/1 Debits Bal. 31/12 148,080 Cost of Goods Sold Debits Required: 1. What was the cost of raw materials put into production during the year? Cost of uw melon 2. How much of the materials in requirement 1 consisted of indirect materials? Indirect matenal 3. How much of the factory labour cost for the year consisted of indirect labour? indirect labour cost What was the cost of goods manufactured for the year Cont of goods and 5. What was the cost of goods sold for the year (before considering underapplied or overopplied overhead)? Costopos 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? Predefood overhead tate 7. Was manufacturing overhead underapplied or overapplied? By how much? by Manufacturing overhead was