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Selected Accounts from Madison Company Are Provided Below: Required

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Selected accounts from Madison Company are provided below:  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} Required:
Determine the following: ItemAmount1 Actual overhead costs 2 Cost of goods manufactured 3. Cost of goods sold 4 Direct labor cost incurred 5 Direct materials used 6 Estimated overhead charged to production 7 Finished goods ending inventory 8 Gross margin 9 Income 10 Indirect materials used in production 11 Over- or under-applied overhead (show  dollar amount and whether over- or under-  applied) 12 Raw materials purchased 13 Raw materials ending inventory 14 Work in process ending inventory \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}

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