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The following T-accounts of a manufacturer summarize its production activity for the year. Compute the ending balance in each account, then compute the amount for

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The following T-accounts of a manufacturer summarize its production activity for the year. Compute the ending balance in each account, then compute the amount for each of the manufacturing cost flows. Applying Integrated Excel: Manufacturing cost flows The T-accounts below summarize a manufacturer's production activity for the year: Required: Compute the following: - Direct materials used - Indirect materials used - Direct labor used - Indirect labor used - Cost of goods manufactured - Cost of goods sold (before closing over-or underapplied overhead) - Actual overhead incurred - Overhead applied - The amount of over-or underapplied overhead - Indicate whether overhead is over-or underapplied. - Cost of goods sold (after closing over-or underapplied overhead) Required: Compute the following amounts. Direct materials used Indirect materials used Direct labor used Indirect labor used Cost of goods manufactured Cost of goods sold (before closing over-or underapplied overheaft Actual overhead incurred Overhead applied The amount of over-or underapplied overhead Indicate whether overhead is over- or underapplied. cost of goods sold (after closing over-or underapplied overhead)

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