Exercise $15-16($Algo$)$ Manufacturing cost flows LO P$1,$ P$2,$ P$3$

Telstar uses job order costing. The T$-$accounts below summarize its production activity for the year.

Raw Materials Inventory

Debit Credit

$46,40025,650$

$9,400$

Factory Wages Payable

Debit Credit

$127,40087,150$

$41,650$

Factory Overhead

Debit Credit

$9,400104,084$

$41,650$

$62,770$

Work in Process Inventory

Debit Credit

$25,650171,720$

$87,150$

$104,084$

Finished Goods Inventory

Debit Credit

$171,720154,690$

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$)$

Compute the amount that overhead is overapplied or underapplied.