Selected ledger accounts for Realm Company are given below for the just-completed year: \begin{tabular}{lr|r} & \multicolumn{2}{c}{ Work in Process } \\ \hline Bal. 1/1 & 94,000 & Credits \\ Direct materials & 352,600 & \\ Direct labour & 142,000 & \\ Overhead & 457,600 & \\ \hline Bal. 31/12 & ? & \\ \hline \end{tabular} \begin{tabular}{lr|l|} \hline & Finished Goods \\ \hline Bal. 1/1 & 68,800 & Credit \\ Debits & ? & \\ \hline Bal. 31/12 & 178,600 \end{tabular} Debits Cost of Goods Sold 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 overapplled 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 $33,600 of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost