6. ZECO is a company that produces fire trucks. The company uses a normal job-order costing system to calculate its cost of goods manufactured. The company's policy is to price its job at cost plus 30% markup. On January 1, 2020, there was only one job in process, with the following costs: Job 200 Direct materials $13,500 Direct labour 18,000 Applied overhead 27,000 Total $58,500 The following balances were taken from the company's general ledger as of January 1, 2020: Direct materials inventory $45,000 Finished goods inventory (for Job 100) 85,000 During the year 2020, the following events occurred: Direct materials were purchased on account for $375,000. Two more jobs were started: Job 300 and Job 400. Direct materials and direct labour costs incurred by each job in process during the year 2020 were as follows: Job 200 Job 300 Job 400 Direct materials $150,000 $45,000 $35,000 Direct labour 130,000 45,000 25,000 The company incurred the following actual factory overhead during the year: Factory rent $135,000 Factory supplies 55,500 Indirect labour 85,750 Jobs 100 and 200 were sold. Jobs 200 and 300 were completed. Instructions: a. Calculate the total applied overhead for the year 2020. The factory overhead costs are applied to each job on the basis of direct labour dollars. [2] b. Determine whether the overhead is over-applied or under-applied. By how much? [3] c. Prepare a schedule of cost of goods sold, identifying both normal and adjusted cost of goods sold, for the year ended December 31, 2020. [5]