Southwick Company uses normal casting in its job casting system. Partially completed accounts and additional information for Southwick for 2017 are as follows (Click the icon to view the accounts.) (Click the icon to view the additional information) Read the requirements Requirement 1. What was the amount of direct materials issued to production during 2017? Direct materials issued to production during 2017 wass T-accounts - X Direct Materials Control 1-1-2017 37000 237,000 139,000 Work-in-Process Control 1-1-2017 46,000 Dir. Manut labor 357,000 Manufacturing Overhead Allocated Finished Goods Control 1-1-2017 14,000 884,960 926,270 Cost of Goods Sold Manufacturing Overhead Control 517.000 Print Done More Info a. Direct manufacturing labor wage rate was $15 per hour. b. Manufacturing overhead was allocated at $19 per direct manufacturing labor-hour. c. During the year, sales revenues were $1,020,000, and marketing and distribution costs were $122,000 Print Done 1. What was the amount of direct materials issued to production during 2017? 2. What was the amount of manufacturing overhead allocated to jobs during 2017? 3. What was the total cost of jobs completed during 2017? 4. What was the balance of work-in-process inventory on December 31, 2017? 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 2017? 7. Dispose of the under- or overallocated manufacturing overhead using the following a. Write-off 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 2017 9. Which approach in requirement 7 do you recommend Southwick use? Explain your answer briefly Print Done