The partially completed T$-$accounts and selected additional information for Hancock Parts for the month of February follow:

Materials Inventory

Debit Credit

BB $(2/1)$

$15,800$

EB $(2/28)$

Work$-$in$-$Process Inventory

Debit Credit

BB $(2/1)24,800$

EB $(2/28)43,500$

Finished Goods Inventory

Debit Credit

BB $(2/1)40,800$

EB $(2/28)25,000$

Cost of Goods Sold

Debit Credit

Manufacturing Overhead Control

Debit Credit

Applied Manufacturing Overhead

Debit Credit

$52,620$

Additional information for February follows:

Sales Revenue in February was $$183,200.$

The operating loss for February was $$(11,800).$

Hancock applies manufacturing overhead at the rate of $75$ percent of direct materials costs.

Indirect materials in the amount of $$15,800$ was debited to Manufacturing Overhead Control in February. These materials had been stored in the materials inventory. No other indirect materials were issued in February.

The Materials Inventory ending balance on February $28$ was $$31,200$ greater than the ending balance on January $31.$

The Cost of Goods Sold in February, including overapplied overhead of $$6,000,$ was $$178,000.$

Required:

What was the cost of direct materials issued to production during February?

What was the amount of materials purchased in February?

What was the cost of goods transferred out of Finished Goods Inventory in February?

What was the cost of goods transferred out of Work$-$in$-$Process Inventory in February?

What were the direct labor costs incurred in February?

What was the total amount of actual overhead charged to the Manufacturing Overhead Control account in February?

What were the selling and administrative costs incurred in February?The partially completed T$-$accounts and selected additional information for Hancock Parts for the month of February follow:

Additional information for February follows:

Sales Revenue in February was $$183,200.$

The operating loss for February was $$(11,800).$

Hancock applies manufacturing overhead at the rate of $75$ percent of direct materials costs.

Indirect materials in the amount of $$15,800$ was debited to Manufacturing Overhead Control in February. These materials had been

stored in the materials inventory. No other indirect materials were issued in February.

The Materials Inventory ending balance on February $28$ was $$31,200$ greater than the ending balance on January $31.$

The Cost of Goods Sold in February, including overapplied overhead of $$6,000,$ was $$178,000.$

Required:

a$.$ What was the cost of direct materials issued to production during February?

b$.$ What was the amount of materials purchased in February?

c$.$ What was the cost of goods transferred out of Finished Goods Inventory in February?

d$.$ What was the cost of goods transferred out of Work$-$in$-$Process Inventory in February?

e$.$ What were the direct labor costs incurred in February?

f$.$ What was the total amount of actual overhead charged to the Manufacturing Overhead Control account in February?

g$.$ What were the selling and administrative costs incurred in February?