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Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Factory Wages Payable Debit 45,900 Work
Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Factory Wages Payable Debit 45,900 Work in Process Inventory Debit Credit 25,150 86,650 103,584 Required 1 Credit 25, 150 8,900 171, 220 Required 2 a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used Compute the amount for each of the following. 126,900 Credit 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. 86,650 41,150 Complete this question by entering your answers in the tabs below. Finished Goods Inventory Debit Credit 171, 220 15, 41, 90
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