Selected Accounts from Madison Company Are Provided Below: Required

Essay

Selected accounts from Madison Company are provided below: Required:
Determine the following: $\begin{array}{|l|l|l|}\hline & \text {Item} &\text {Amount} \\\hline 1 & \text { Actual overhead costs } \\\hline 2 & \text { Cost of goods manufactured } \\\hline 3 . & \text { Cost of goods sold } \\\hline 4 & \text { Direct labor cost incurred } \\\hline 5 & \text { Direct materials used } \\\hline 6 & \text { Estimated overhead charged to production } \\\hline 7 & \text { Finished goods ending inventory } \\\hline 8 & \text { Gross margin } \\\hline 9 & \text { Income } \\\hline 10 & \text { Indirect materials used in production } \\\hline 11 & \begin{array}{l}\text { Over- or under-applied overhead (show } \\\text { dollar amount and whether over- or under- } \\\text { applied) }\end{array} \\\hline 12 & \text { Raw materials purchased } \\\hline 13 & \text { Raw materials ending inventory } \\\hline 14 & \text { Work in process ending inventory } \\\hline\end{array}$