Click on the "Manufacturing Cost Flows" tab and enter your name in Cell C1. If Cell C1 is left blank, you will not be able to see your score. Each graded cell is highlighted in yellow. Select all account titles/labels using dropdowns. Enter formulas for all dollar amounts. The formula must only contain cell addresses. Each correct formula will begin with =,+, or - . The basic mathematical operators are,,+ and / Addition: To add the values in cells A1 and B4, the formula is =A1+B4 Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4 Multiplication: To multiply the values in cells A1 and B4, the formula is =A1B4 Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4 2 THIS FILE REQUIRES THE USE OF =SUM FOR ALL TOTALS AND SUBTOTALS 3 The =SUM function adds all values within a range of cells. For example, the formula to calculate total attendees in cell B19 is =SUM(B16:B18). year. REQUIRED: Calculate the ending T-account balances for each account, then compute the amount for each of the manufacturing cost flows. Every yellow cell must include a valid formula, even if the result is $0. Required: Enter a valid formula to compute the amount for each of 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 Use dropdown button to indicate whether overhead is over- or underapplied. Cost of goods sold (after closing over-or underapplied overhead) Click on the "Manufacturing Cost Flows" tab and enter your name in Cell C1. If Cell C1 is left blank, you will not be able to see your score. Each graded cell is highlighted in yellow. Select all account titles/labels using dropdowns. Enter formulas for all dollar amounts. The formula must only contain cell addresses. Each correct formula will begin with =,+, or - . The basic mathematical operators are,,+ and / Addition: To add the values in cells A1 and B4, the formula is =A1+B4 Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4 Multiplication: To multiply the values in cells A1 and B4, the formula is =A1B4 Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4 2 THIS FILE REQUIRES THE USE OF =SUM FOR ALL TOTALS AND SUBTOTALS 3 The =SUM function adds all values within a range of cells. For example, the formula to calculate total attendees in cell B19 is =SUM(B16:B18). year. REQUIRED: Calculate the ending T-account balances for each account, then compute the amount for each of the manufacturing cost flows. Every yellow cell must include a valid formula, even if the result is $0. Required: Enter a valid formula to compute the amount for each of 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 Use dropdown button to indicate whether overhead is over- or underapplied. Cost of goods sold (after closing over-or underapplied overhead)