12. A company operates a job-order costing system and applies predetermined overhc estimated allocation base of $90,000 in direct labor cost.T g system and applies overhend cost to jobs on the basis of direct labor cost. Its ad rate was based on a cost fomula that estimated $135,000 of manufacturing overhead and an The company has provided the following data: BeginningEnding Raw Materials Inventory (all direct) Work in Process Inventory $29,000 45,000 71,000 $11,000 36,000 61,000 Finished Goods Inventory Ta ilow siulcoas ere incared arin Purchase of raw materials (all direct) Direct labor cost Manufacturing overhead cost $130,000 $100,000 $110,000 Suppose the company closes out any under- or over-applied overhead cost to Cost of Goods Sold. How much was the company's adjusted Cost of Goods Sold? a. $377,000 b. $357,000 c. $337,000 d. $363,000 e. None of the above 13. Mccaskell Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.30 3.65 $1.75 $9.90 $2.25 $1.80 $1.00 $0.50 reporting purposes, the total amount of product costs incurred to make 8,000 units is closest to: A) 579,600 B) 593,600 C) $172,800 D) $182,700 E) None of the above