Applying Integrated Excel: Manufacturing cost flows The T-accounts below summarize a manufacturer's production activity for the year: I Required: Compute the following: - Direct materials used - Indirect materials used - Direct labor used - Indirect labor used - Cost of goods manufactured - Cost of goods sold (before closing over-or underapplied overhead) - Actual overhead incurred - Overhead applied - The amount of over-or underapplied overhead - Indicate whether overhead is over- or underapplied. - Cost of goods sold (after closing over-or underapplied overhead) Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect