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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 45,800 25,050 8,800 Factory
Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 45,800 25,050 8,800 Factory Wages Payable Debit Credit 126,800 86,550 41,050 Work in Process Inventory Debit Finished Goods Inventory Credit Debit Credit 25,050 86,550 103,484 171,120 171,120 154,090 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 8,800 103,484 41,050 62,170
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