A manufacturer reports the following information at June 30: Cost at Job number 46 Started Completed Sold June 30 April 5 May 25 June 1 $ 1,815 47 May 2 May 30 June 2 665 48 May 21 July 1 July 2 680 49 June 8 June 29 July 6 625 50 June 19 July 5 July 10 1,000 1. Compute Work in Process Inventory at June 30. 2. Compute Finished Goods Inventory at June 30. 3. Compute cost of goods sold for June. 1. Work in process inventory at June 30 2. Finished goods inventory at June 30 3. Cost of goods sold for June Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory account shows the following. Work in Process Inventory Debit Credit Beginning 0 Direct materials used 1,400,000 Direct labor used Overhead 210,000 434,000 1,947,000 Cost of goods manufactured Ending 97,000 1. Determine the predetermined overhead rate used (based on direct materials cost). 2. Only one job remains in work in process inventory at year-end. Its direct materials cost is $26,000. How much direct labor cost and applied overhead are assigned to this job? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the predetermined overhead rate used (based on direct materials cost). Numerator: 1 Overhead Rate Denominator: Overhead Rate = Overhead rate < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Only one job remains in work in process inventory at year-end. Its direct materials cost is $26,000. How much direct labor cost and applied overhead are assigned to this job? Total cost of job in process Direct labor cost < Required 1 Required 2 >