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

Raw Materials

Manufacturing Overhead

Bal. 1/1 37,000		Credits ?		Debits 387,000		Credits ?
Debits 420,000
Bal. 12/31 57,000

Work in Process

Factory Wages Payable

Bal. 1/1 78,000		Credits 720,000		Debits 174,000		Bal. 1/1 16,000
Direct materials 321,000						Credits 181,000
Direct labor 111,000						Bal. 12/31 23,000
Overhead 410,000
Bal. 12/31 ?

Finished Goods

Cost of Goods Sold

Bal. 1/1 42,000		Credits ?		Debits ?
Debits ?
Bal. 12/31 137,000

1.

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

2.

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

3.

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

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

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

7.

Was manufacturing overhead underapplied or overapplied? By how much? (Input the amount as a positive value.)

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 $32,400 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	$