Selected T-accounts for Rolm Company are given below for the just completed year:

Raw Materials

Manufacturing Overhead

Bal. 1/1 35,000		Credits ?		Debits 389,000		Credits ?
Debits 420,000
Bal. 12/31 52,000

Work in Process

Factory Wages Payable

Bal. 1/1 76,000		Credits 800,000		Debits 175,000		Bal. 1/1 17,000
Direct materials 321,000						Credits 178,000
Direct labor 119,000						Bal. 12/31 20,000
Overhead 480,000
Bal. 12/31 ?

Finished Goods

Cost of Goods Sold

Bal. 1/1 42,000		Credits ?		Debits ?
Debits ?
Bal. 12/31 132,000

Required:

1.	What was the cost of raw materials put into production during the year?

The cost of raw materials

$

2.	How much of the materials in (1) above consisted of indirect materials?

Indirect materials

$

3.	How much of the factory labor cost for the year consisted of indirect labor?

Indirect labor 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 predetermined rate was in effect during the year? (Round your answer to 2 decimal places.)

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 (Click to select) overapplied underapplied 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 $32,300 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturing overhead cost? (Round your predetermined overhead rate percentage and final answers to 2 decimal places.)

Ending balance in the work in process	$
Direct labor cost	$
Manufacturing overhead cost	$