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Exercise 15-16(Algo) Manufacturing cost flows LO P1, P2, P3 Telstar uses job order...

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Accounting

Exercise 15-16(Algo) Manufacturing cost flows LO P1, P2, P3
Telstar uses job order costing. The T-accounts below summarize its production activity for the year.
\table[[Raw Materials Inventory],[Debit,Credit],[45,300,24,550],[,8,300],[,]]
\table[[\table[[Factory Wages Payable],[Debit]]],[126,300,86,050],[,40,550],[,]]
\table[[Factory Overhead],[Debit,Credit],[8,300,102,984],[40,550,],[61,670,],[,]]
\table[[Work in Process Inventory,],[Debit,Credit],[24,550,170,620],[86,050,],[102,984,],[,]]
Compute the amount for each of the following.
a. Direct materials used
b. Indirect materials used
c. Direct labor used
d. Indirect labor used
e. Cost of goods manufactured
f. Cost of goods sold (before closing over- or underapplied overhead)
Compute the amount that overhead is overapplied or uriderapplied.
Complete this question by entering your answers in the tabs below.
Required 2
Compute the amount for each of the following.
\table[[a. Direct materials used,$,24,550],[b. Indirect materials used,$,8,300],[c. Direct labor used,$,86,050],[d. Indirect labor used,$,40,550],[e. Cost of goods manufactured,$,78,434,
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