T-accounts Direct Materials Control. 1-1-2020 , 44,000 140,000 Work-in-Process Control 233,000 1-1-2020 43,000 Dir. Manuf labor 354,000 Manufacturing Overhead Control 509,000 Manufacturing Overhead Allocated Print Done 1-1-2020 Finished Goods Control 11,000 923,920 Cost of Goods Sold 667,800 - X Clear all Check answer More Info X 207 a. Direct manufacturing labor wage rate was $12 per hour b. Manufacturing overhead was allocated at $15 per direct manufacturing labor-hour c. During the year, sales revenues were $1,000,000, and marketing and distribution costs were $129,000 pg 20207 Print Done Manufact 1. What was the amount of direct materials issued to production during 2020? 2. What was the amount of manufacturing overhead allocated to jobs during 2020? 3. What was the total cost of jobs completed during 2020? 4. What was the balance of work-in-process inventory on December 31, 2020? 6. What was the cost of goods sold before proration of under- or overallocated overhead? 6. What was the under- or overallocated manufacturing overhead in 2020? 7. Adjust for 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 Walworth's operating income for 2020 9. Which approach in requirement 7 do you recommend Walworth use? Explain your answer briefly 207 g 20207 Manufacturine alloca Walworth Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Walworth for 2020 are as follows: (Click the icon to view the T-accounts.) Read the requirements. (Click the icon to view the additional information.) Requirement 1. What was the amount of direct materials issued to production during 2020? $ 233,000 Direct materials issued to production during 2020 was Requirement 2. What was the amount of manufacturing overhead allocated to jobs during 2020? First identify the formula to calculate the manufacturing overhead allocated. x Manufacturing overhead rate Direct manufacturing labor hours Manufacturing overhead allocated to jobs during 2020 was $472,000 Requirement 3. What was the total cost of jobs completed during 2020? The total cost of jobs completed during 2020 was 4 Manufacturing overhead allocated