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

Raw Materials

Manufacturing Overhead

Bal. 1/1 39,000		Credits ?		Debits 405,700		Credits ?
Debits 465,000
Bal. 31/12 78,000

Work in Process

Factory Wages Payable

Bal. 1/1 83,500		Credits 877,500		Debits 201,500		Bal. 1/1 19,000
Direct materials 338,000						Credits 197,500
Direct labour 128,000
Overhead 422,500						Bal. 31/12 15,000
Bal. 31/12 ?

Finished Goods

Cost of Goods Sold

Bal. 1/1 56,200		Credit ?		Debits ?
Debits ?
Bal. 31/12 157,000

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 $32,900 of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost?