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Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 46,300 25,550 9,300 Factory
Telstar uses job order costing. The T-accounts below summarize its production activity for the year." Raw Materials Inventory Debit Credit 46,300 25,550 9,300 Factory Wages Payable Debit 127,300 Credit 87,050 41,550 Work in Process Inventory Debit 25,550 87,050 Credit Debit 171,620 Finished Goods Inventory Credit 171,620 15,45,90 103,984 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Factory Overhead Debit Credit 9,300 103,984 41,550 62,670 e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead)
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