Use the following information and t-accounts to complete questions 1016 : Lindz Corporation is a manufacturer that uses job-order costing. On January 1 , the beginning of its fiscal year, the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of direct labor hours worked. For the current year, the company's predetermined overhead rate was based on a cost formula that estimated $450,000 of total manufacturing overhead for an estimated activity level of 50,000 direct labor hours. Assume all expenses are paid on account using the accounts payable account. The following transactions were recorded for the year: a) Raw materials were purchased in the amount of $240,000. b) Raw materials were requisitioned for use in production, $150,000($120,000 direct materials and $30,000 indirect materials). c) The Company pays the factory personnel on the floor the same wage rate of \$10 per hour. Direct labor cost totaled $480,000 for the period. d) The following other costs were paid on account for employee services: indirect labor, $482,000; sales commissions, $240,000; and administrative salaries, $150,000. e) Before considering any adjustment for under/over applied overhead, the balance of inventory still under construction at the end of the period is $137,000 and the amount of inventory still awaiting sale is $175,000 at the end of the period. $750,000 worth of product was sold during the period. What is the amount of overhead applied to the WIP account for the period? $915,000 $482,000 $432,000 $480,000 Total period costs for the accounting period amount to? $420,000 $390,000 $915,000 $750,000 What is the pre-determined overhead rate? $9 per direct labor hour $10 per direct labor dollar $9 per machine hour $10 per direct labor hour What is the balance for cost of goods manufactured for the period? $750,000 $137,000 $432,000 $915,000 What is the ending balance in the accounts payable account for the period? $390,000 $1,592,000 $1,110,000 $870,000 Under the cost of goods sold method of correcting for under/over applied overhead, which would be the appropriate journal entry in this case? debit to the manufacturing overhead account credit to the cost of goods sold account debit to the cost of goods sold account none of these What is the total actual overhead cost incurred during the period? $750,00 $512,000 $432,000 $915,000