Selected ledger accounts for Realm Company are given below for the just completed year: Raw Materials Credits Bal. 1/1 Debits 48,000 510,000 Bal. 31/12 96,000 Manufacturing Overhead Debits 444,200 Credits Work in Process Credits 960, 100 Bal. 1/1 Direct materials Direct labour Overhead 97,000 356,000 146,000 462,800 Bal. 31/12 Factory Wages Payable 224,000 Bal. 1/1 Credits 28,000 220,000 Debits 24,000 Bal. 31/12 Finished Goods Help Save & EXT Submit Factory Wages Payable Debits 224,000 Bal. 1/1 Credits 28,000 220,000 Bal. 31/12 24,000 Finished Goods Bal. 1/1 Debits 72,400 Credit Bal. 31/12 184, BDD Cost of Goods Sold Debits Required: 1. What was the cost of raw materials put into production during the year? Cost of raw materials 2. How much of the materials in requirement 1 consisted of Indirect materials? Indirect materials 3. How much of the factory labour cost for the year consisted of indirect labour? Indirect labour cost 4. What was the cost of goods manufactured for the year? Cost of goods manufactured 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