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Go worked on the following projects during the current year. The predetermined overhead rate is 160% of direct labor The following cost information is available all materials and time ticket information applies to direct costs) Customer Materials Requisitions Time Tickets Job Status at year end Lion $125.000 $265.000 Completed, not Sold (lyde $368.000 $425.500 Completed & sold IML $55.000 $48,500 Incomplete Required: Answer the following a-e requirements in the space provided below. Show your work! a) Determine the total cost of each project. b) Calculate the cost of goods manufactured (completed) for the period. c) Determine the amounts of each of the following at the end of the period. 1- Work in Process: 2- Finished Goods: 3. Cost of Goods Sold: d) Gold Co. determines sales prices by adding 38% markup onto the cost of each project. Calculate the sales price for each project Gold sold during the period. Calculate the resulting gross profit % (ratio) for the year (Hint-markup % and gross profit ratio are not the same thing!). e) Given the costs determined in Part 1 and using what you know about various types of production, what product might Gold be producing? Hint-there are a large number of 'correct answers possible but you must think logically