Walworth Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Walworth for 2017 are as follows: (Click the icon to view the additional information.) EB(Click the icon to view the T-accounts.) Read the requirements. i T-accounts Direct Materials Control Work-in-Process Control Finished Goods Control 1-1-2017 46,000 1-1-2017 47,000 237,000 1-1-2017 14,000 884,960 926,270 140,000 Dir. Manuf. labor 357,000 Manufacturing Overhead Control Manufacturing Overhead Allocated Cost of Goods Sold 517,000 Print Done X i More Info Direct manufacturing labor wage rate was $15 per hour a. b. Manufacturing overhead was allocated at $19 per direct manufacturing labor-hour During the year, sales revenues were $1,010,000, and marketing and distribution costs were $125,000 C. Print Done Requirements 1. What was the amount of direct materials issued to production during 2017? 2. What was the amount of manufacturing overhead allocated to jobs during 2017? 3. What was the total cost of jobs completed during 2017? What was the balance of work-in-process inventory on December 31, 2017? 4. What was the cost of goods sold before proration of under- or overallocated overhead? 5. 6. What was the under- or overallocated manufacturing overhead in 2017? Dispose of the under- or overallocated manufacturing overhead using the following: 7. Write-off to Cost of Goods Sold a. b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 8. Using each of the approaches in requirement 7, calculate Walworth's operating income for 2017 9. Which approach in requirement 7 do you recommend Walworth use? Explain your answer briefly. Print Done