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

Raw Materials

Bal. $1/138,000$ Credits $?$

Debits $460,000$

Bal. $31/1276,000$

Manufacturing Overhead

Debits $403,400$ Credits $?$

Work in Process

Bal. $1/182,000$ Credits $870,000$

Direct materials $336,000$

Direct labour $126,000$

Overhead $420,000$

Bal. $31/12?$

Factory Wages Payable

Debits $199,000$ Bal. $1/118,000$

Credits $195,000$

Bal. $31/1214,000$

Finished Goods

Bal. $1/154,400$ Credit $?$

Debits $?$

Bal. $31/12154,000$

Cost of Goods Sold

Debits $?$

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 $$32,800$ of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost?

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