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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 46,900 26,150 9,900 Factory
Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 46,900 26,150 9,900 Factory Wages Payable Debit Credit 127,900 87,650 42,150 Work in Process Inventory Finished Goods Inventory Debit Credit Debit 26,150 172,220 172,220 87,650 104,584 Credit 155,190 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 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) Required 1 Required 2 > Factory Overhead Debit Credit 9,900 42,150 63,270 104,584
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