Using the following accounts and a predetermined overhead rate of 150% of direct labor cost, compute the amount of applied overhead. Work in Process Inventory 36,000 56,9001 ? Beginning WIP Direct materials Direct labor Factory overhead To finished goods Ending WIP 203,300 26,000 Finished Goods Inventory 5800 203,300 Beginning FG Cost of Goods Mfg'd $85,350. $54,560. $81,840. $136,400. $92,900. QUESTION 6 Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is: Debit Work in Process Inventory $225,000; credit Factory Overhead $225,000. Debit Work in Process Inventory $165,000; credit Factory Overhead $ 165,000. Debit Factory Overhead $165,000; credit Work in Process Inventory $165,000. Debit Factory Payroll $150,000; credit Work in Process Inventory $150,000. Debit Work in Process Inventory $165,000; credit Factory Payroll $165,000. QUESTION 8 Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; issued materials to production of $164,000, of which $24,000 were indirect. Portside incurred a factory payroll cost of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The journal entry to record the allocation of factory wages to production is: Debit Work in Process Inventory $95,000; credit Cash $95,000. Debit Work in Process Inventory $95,000; credit Factory Wages Payable $95,000. Debit Work in Process Inventory $70,000; debit Factory Overhead $25,000; credit Factory Wages Payable $95,000. Debit Work in Process Inventory $70,000; debit Factory Overhead $25,000; credit Cash $95,000. Debit Factory Wages Payable $95,000; credit Cash $95,000