adbury Company uses a job order cost system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $151,700 for the year; direct labor was estimated to total $151,700.

Additional information for the year is as follows:

	Beginning Inventory (1/1)	Ending Inventory (12/31)
Raw Materials Inventory	$ 14,800	$ 8,900
Work in Process Inventory	20,100	22,500
Finished Goods Inventory	42,700	31,600

Raw materials purchases	$ 115,000
Direct materials used	110,300
Direct labor	127,800
Indirect materials used	10,600
Indirect labor	16,900
Factory equipment depreciation	26,100
Factory rent	22,000
Factory utilities	8,300
Other factory costs	8,100

Required:

Calculate the predetermined overhead rate.

Calculate cost of goods manufactured.

Calculate the over- or underapplied overhead.

Calculate adjusted cost of goods sold.