The Hazel company has the following information December of this year

Raw Materials Purchases	$30,000
Raw Materials Used	$27,000
Direct Labor ($12.50 per hour x 1600 hours)	$20,000
Actual Manufacturing Overhead	$28,000
Work-in-Process, Beginning	$30,000
Work-in-Process, Ending	$29,500

The overhead rate is 150% of Direct Labor Costs. The Hazel company uses a Job Costing System. The Raw Materials Inventory consists only of direct materials used in production.

Required:

(1).

Before the year began, Hazel company determined that the average wage of a production worker is $12.50 per hour. What is the pre-determined overhead rate?

(2).

If Hazel company began December with raw materials inventory of $15,000, what is its raw materials inventory worth on December 31?

(3)

What is Hazel company's Cost of Goods Manufactured for the month of December?

(4)

If Hazel company started December with $10,000 of Finished Goods Inventory and Sold Goods Costing $21,000 during the month, what is the Finished Goods Inventory balance at the end of December?