sold ated averhead to cost of goods simpler method? 3. goode eold sher proretion? t be reasonabile for Premier Golf Carts to change to normal costing in its job-costing system. Partially completed -c S Sridhart, adapted) Southwick T-accounts and additional information 4-3 cor twe 9-32 General ledger relationships, under- and overallocation. Southwick for 2014 are as follows 1-1-2014 10,000 880,000 925,000 Direct Materials Control Finished Goods Control Work-in-Process Control 1-1-2014 25,000 234,000 1-1-2014 44,00 240,000 Dir. manuf. labor 348,000 Manufacturing Overhead Control Manufacturing Over Cost of Goods Sold hea Allocated 514,000 Additional information follows: a. Direct manufacturing labor wage rate was $12 per hour. b. Manufacturing overhead was allocated at $16 per direct manufacturing labor-hour During the year, sales revenues were $1,050,000, and marketing and distribution c c. 1. What was the amount of direct materials issued to production during 2. What was the amount of manufacturing overhead allocated to jobs during 3. What was the total cost of jobs completed during 2014? 4. What was the balance of work-in-process inventory on December 31, 2014? 2014? 2014 5. What was the cost of goods sold before proration of under- or overallocated overhead? 6. What was the under- or overallocated manufacturing overhead in 2014? 7. Dispose of the under-or overallocated manufacturing overhead using the following: a. Writeoff to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 8. Using each of the approaches in requirement 7, calculate Southwick's operating income for 2014. 9. Which approach in requirement 7 do you recommend Southwick use? Explain your answer briefly