• Direct material purchases on account totaled $90,000.

• Direct labor cost for the period totaled $75,600 for 8,000 direct laboi hours; these costs were paid in cash.

. Actual overhead costs were $82,000 and are applied to production based on direct labor hours.

• The ending inventory of Direct Material Inventory was $3,000.

• The ending inventory of Work in Process Inventory was $11,500.

• Goods costing $243,700 were sold for $346,050.

a. What was the actual overhead rate per direct labor hour?

b. Prepare all journal entries for the preceding transactions.

c. Determine the ending balance in Finished Goods Inventory.LO1.