2 Stanford Enterprises uses job-order costing. 4 Overhead is applied on the basis of direct labor hours. 5 6 The following information relates to the year just ended. \begin{tabular}{|c|l|r|} \hline 8 & Data: & \\ \hline 9 & & \\ \hline 10 & Estimated total overhead costs & $275,000 \\ \hline 11 & Estimated total direct labor hours & 25,000 \\ \hline 12 & Actual total direct labor hours & 27,760 \\ \hline 13 & & \\ \hline 14 & Actual costs for the year: \\ \hline 15 & & $375,000 \\ \hline 16 & Purchase of raw (direct) materials & $536,300 \\ \hline 17 & Direct labor cost & $302,750 \\ \hline 18 & Manufacturing overhead & \\ \hline \end{tabular} 271 Calculate and dispose of overapplied or underapplied manufacturing overhead. 28 Note: Use cell A2 to A23 from the given information to complete this question. 382 Calculate the cost of goods manufactured and cost of goods sold. 39 Note: Use cell A2 to A23 from the given information to complete this question. 553 Prepare an income statement for a manufacturing firm. 56 Note: Use cell A2 to A23 from the given information to complete this question. 57 Enter all ending inventory amounts as negative numbers