The following T-accounts represent inventory costs as of December 31, 2000.

\begin{tabular}{lr|r}

\multicolumn{3}{c}{ Raw Materials Inventory } \\

\hline Bal. 12/31/99 & 140,000 & 400,000 \\

& 350,000 & \\

\hline Bal. 12/31/00 & 90,000 & \\

\hline \multicolumn{2}{|c}{ Work-in-Process } & \\

\hline Bal. 12/31/99 & 25,000 & \\

& 400,000 & \\

& 249,000 & \\

& 172,000 & \\

\hline Bal. 12/31/00 & 146,000 & \\

\hline

\end{tabular}

Raw Materials Inventory 1. Determine the direct labor costs for 2000 .

2. Determine the cost of goods manufactured for 2000 .

3. Determine the cost of goods sold for 2000 .

Finished Goods Inventory

\begin{tabular}{rr|r}

\hline Bal. 12/31/99 & 79,000 & 673,000 \\

& 700,000 & \\

\hline Bal. 12/31/00 106,000 & \\

\hline

\end{tabular}

Manufacturing Overhead

\begin{tabular}{r|l}

\hline 49,000 & \\

52,000 & \\

60,000 & \\

72,000 & \\

& \\

\hline

\end{tabular}

4. Compute over- or underapplied manufacturing overhead for 2000 .
5. Determine actual indirect manufacturing costs for 2000 .