Selected T-accounts for Rolm Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 30,000 Credits ? Debits 385,000 Credits ? Debits 420,000 Bal. 12/31 60,000 Work in Process Factory Wages Payable Bal. 1/1 70,000 Credits 810,000 Debits 179,000 Bal. 1/1 10,000 Direct materials 320,000 Credits 175,000 Direct labor 110,000 Overhead 400,000 Bal. 12/31 6,000 Bal. 12/31 ? Finished Goods Cost of Goods Sold Bal. 1/1 40,000 Credits ? Debits ? Debits ? Bal. 12/31 130,000 Required: 1. What was the cost of raw materials put into production during the year? The cost of raw materials $ 390000 2. How much of the materials in (1) above consisted of indirect materials? Indirect materials $ 70000 3. How much of the factory labor cost for the year consisted of indirect labor? Indirect labor cost $ 65000 4. What was the cost of goods manufactured for the year? Cost of goods manufactured $ 810000 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 predetermined rate was in effect during the year? The predetermined overhead rate was % of direct materials cost 7. Was manufacturing overhead underapplied or overapplied? By how much? (Input the amount as a positive value.) Manufacturing overhead was by $ 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 $32,000 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturing overhead cost? Ending balance in the work in process $ Direct labor cost $ Manufacturing overhead cost