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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 46,600 25,850 9,600 Factory Wages
Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 46,600 25,850 9,600 Factory Wages Payable Debit Credit 127,600 87,350 41,850 Factory Overhead Debit Credit 9,600 104,284 41,850 62,970 s Work in Process Inventory Debit Credit 25,850 171,920 87,350 104,284 Finished Goods Inventory Debit Credit 171,920 154,890 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 Required 2 > applied Complete this question by entering your answers in the tabs below. Required 2 Compute the amount that overhead is overapplied or underapplied. Dierzccled overheed
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