T-accounts Direct Materials Control 1-1-2020 45,000 236.000 Finished Goods Control 1.-2020 10.000 580.000 Work in Process Control 1-1-2020 44000 Dir. Man Labor 348.000 Manufacturing Overhead Allocated 137.000 Manufacturing Overhead Control 514.000 925.000 Cost of Goods Sold Print Done 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? 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 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 Hawthorn's operating income for 2020. 9. Which approach in requirement 7 do you recommend Hawthorn use? Explain your answer briefly T-accounts Direct Materials Control 1-1-2020 45,000 236.000 Finished Goods Control 1.-2020 10.000 580.000 Work in Process Control 1-1-2020 44000 Dir. Man Labor 348.000 Manufacturing Overhead Allocated 137.000 Manufacturing Overhead Control 514.000 925.000 Cost of Goods Sold Print Done 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? 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 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 Hawthorn's operating income for 2020. 9. Which approach in requirement 7 do you recommend Hawthorn use? Explain your answer briefly