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

Raw Materials

Manufacturing Overhead

Bal. 1/1 36,000		Credits ?		Debits 387,000		Credits ?
Debits 420,000
Bal. 12/31 55,000

Work in Process

Factory Wages Payable

Bal. 1/1 75,000		Credits 750,000		Debits 179,000		Bal. 1/1 15,000
Direct materials 330,000						Credits 176,000
Direct labor 118,000						Bal. 12/31 12,000
Overhead 480,000
Bal. 12/31 ?

Finished Goods

Cost of Goods Sold

Bal. 1/1 44,000		Credit ?		Debits ?
Debits ?
Bal. 12/31 139,000

Required:

1.	What was the cost of raw materials put into production during the year? (Omit the "$" sign in your response.)

The cost of raw materials

$

2.	How much of the materials in (1) above consisted of indirect materials? (Omit the "$" sign in your response.)

Indirect materials

$

3.	How much of the factory labor cost for the year consisted of indirect labor? (Omit the "$" sign in your response.)

Indirect labor cost

$

4.	What was the cost of goods manufactured for the year? (Omit the "$" sign in your response.)

Cost of goods manufactured

$

5.	What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)?(Omit the "$" sign in your response.)

Cost of goods sold

$

6.	If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

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. Omit the "$" sign in your response.)

Manufacturing overhead was (Click to select)overappliedunderapplied 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 $32,100 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturing overhead cost? (Round your predetermined overhead rate percentage and final answers to 2 decimal places. Omit the "$" sign in your response.)

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