Question: Please answer questions 1-8 below! No need to show work :) 1. What was the cost of raw materials put into production during the year?
Please answer questions 1-8 below! No need to show work :)

1. What was the cost of raw materials put into production during the year?
2. How much of the materials in requirement 1 consisted of indirect materials?
3. How much of the factory labour cost for the year consisted of indirect labour?
4. What was the cost of goods manufactured for the year?
5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)?
6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? (%)
7. Was manufacturing overhead underapplied or overapplied? By how much?
8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,100 of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost?
Selected ledger accounts for Realm Company are given below for the just-completed year: ? Bal. 1/1 Debits Bal. 31/12 Raw Materials 31,000 Credits 425,000 62,000 Manufacturing Overhead 387,300 Credits Debits ? 817,500 Bal. 1/1 Direct materials Direct labour Overhead Work in Process 71,500 Credits 322,000 112,000 402 ,500 ? Bal. 31/12 Debits Factory Wages Payable 181,500 Bal. 1/1 Credits Bal. 31/12 11,000 177,500 7,000 ? Bal. 1/1 Debits Bal. 31/12 Finished Goods 41,800 Credit ? 133,000 Cost of Goods Sold ? Debits
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