McAllister, Inc. employs a normal costing system. The following information pertains to the year just ended.• Total manufacturing costs were $2,500,000.• Cost of goods manufactured was $2,425,000.• Applied manufacturing overhead was 30 percent of total manufacturing costs.• Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost.• Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31.Required:1. Compute the total direct-labor cost for the year.2. Calculate the total cost of direct material used during the year.3. Compute the value of the company’s work-in-process inventory on December 31.

一 Required information [The following information applies to the questions displayed below.] McAllister, Inc., employs a normal costing system. The following information pertains to the year just ended. • Total manufacturing costs were $1,380,000. • Cost of goods manufactured was $1,349,000. Applied manufacturing overhead was 20 percent of total manufacturing costs. • Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost. • Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31. 3. Compute the value of the company's work-in-process inventory on December 31. Work-in-process inventory on December 31 K Prev Nexlm 10 of 17

Lind Manufacturing had the following account balances as of January 1. Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred. Direct labor costs were $47,000 for 1,800 hours worked. Direct materials costing $29,000 and indirect materials costing $5,000 were purchased. Sales commissions of $16,000 were earned by the sales force. Direct materials of $23,000 were used in production. Miscellaneous selling and administrative costs of $6,300 were incurred. Factory supervisors earned salaries of $11,035. Other Indirect labor costs for the month were $3,000. Monthly depreciation on factory equipment was $4,500. Monthly utilities expenses of $7,427 were incurred in the factory. Completed units with manufacturing costs of $69,000 were transferred to finished goods. Monthly insurance costs for the factory were $4,200. Monthly property taxes on the factory of $5,000…

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost Beginning and ending Inventory balances were as follows: Raw materials Work in process Finished goods Beginning $ 57,000 ? $ 33,000 The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $740,000; the unadjusted cost of goods sold totaled $668,000; and the net operating Income was $30,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. COGM Schedule Ending $ 36,000 $ 30,000 ? Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement…