110% Beginning balance, Finished Goods Inventory 17,000 Purchases of raw materials 54,000 Factory electricity 10,000 Direct labor payroll 32,000 Depreciation on factory equipment 35 000 Insurance on factory building 8,000 Indirect materials used in production 7.000 Total raw materials used in production 65.000 Indirect labor payroll 24 000 Cost of goods manufactured 200,000 Cost of goods sold 210.000 Estimated manufacturing overhead is $450,000 and overhead is allocated based on machine hours. Estimated machine hours are 750,000 hours. Actual machine hours incurred was 145,000 hours. Actual overhead incurred was tracked to determine the adjustment to cost of goods sold for any underlover applied manufacturing overhead. Instructions: ture Questions: 4. Was overhead underapplied or overapplied? By how much? 5. Assuming unadjusted cost of goods sold is included in the given information, calculate the cost of goods sold using the direct method. . In one concise sentence name the main benefit of segmented income statements