Work-in-Process Raw Material Inventory (DM&IM) + Bal 1/1 522,500 ? 75,000 $282,000 Bal. 1/1 $52,500 Direct mat. 72,000 Direct labor 90,000 Overhead 112.500 Bal. 12/31 S ? Bal. 12/31 $18,000 Finished Goods + Bal. 1/1 $90,000 ? Manufacturing Wages Payable $100,500 566,000 Bal. 1/1 199,000 ? Bal. 12/31 $72,000 Cost of Goods Sold Manufacturing Overhead $111,000? 2 The amount of over- or under-allocated overhead is: O $1.500 over-allocated $10.500 over-allocated $10.500 under allocated $1.500 under allocated