Question: Please kindy provide a step by step solution. Required: 1. What was the cont of raw materials used in production during the year? 2. How

Please kindy provide a step by step solution.
Please kindy provide a step by step solution. Required: 1. What was

Required: 1. What was the cont of raw materials used in production during the year? 2. How much of the materials in (1) above conshted of indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What was the cost of goods manufoctured for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any underopplied or overoppled overhead in your answe. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined ovenhead rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume that this bolonce consists entirely of goods started during the year if $9,500 of this balance is direct labor cost, how much of it is direct materials cons? Applied overheed cost? If overhesd is applied to production on the basis of direct laboe cost, what predetermahed overhesd rate was in elfect during the year? Was manufacturing overhead underapplied or overapplied? By how much? by Compute the ending balance in Work in Process, Assurne that this balance consists entirely of goods started during the year if $9,500 of this balance is direct iabor cost, how much of it is direct materials cost? Applied overhead cost

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