Algo) Recording Manufacturing Costs, Preparing a cost of Goods Manufactured Report, and Calculating Income from Operations (LO 2-3, 2-4,2-5, 2-6] ts Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $52,300 and its total manufacturing overhead cost to be $83,680. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement Required: 1. Calculate the predetermined overhead rate 2. Fill in the missing values in the T-accounts 3. Compute over- or underapplied overhead. 4. Prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead. 5. Prepare a brief income statement for the company. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing values in the T-accounts. Raw Materials Inventory Beginning Balance 13,900 Purchases + 94.100 Ending Balance 28.900 Beginning Balance Direct Materials Direct Labor Applied Overhead Ending Balance Work in Process Inventory 29,800 69,900 $ 42.000 19,400 Cost of Goods Sold Finished Goods Inventory 41.200 Beginning Balance Cost of Goods Completed Ending Balance Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 48,300 Sales Revenue 312.000 Applied Overhead Indirect Materials Indirect Labor Factory Depreciation Factory Rent Factory Utilities Other Factory Costs Actual Overhead Manufacturing Overhead 9,200 13.100 11,800 6,000 1.600 9,000 50,700 Selling, General, and Administrative Expenses Adm. Salaries 26,200 Office Depreciation 19,200 Advertising 13,300 Ending Balance 58.700 5. Prepare a brief income statement for the company. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute over- or underapplied overhead. Manufacturing Overhead Overapplied by Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a statement of cost of goods manufactured and sold including the adjust DOBSON MANUFACTURING COMPANY Cost of Goods Manufactured and Sold Report Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials Used in Production Direct Labor Manufacturing Overhead $ 0 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Total Work in Process $ 0 Tess Fndino Work in Process Inventory $ 0 $ 0 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Total Work in Process Less: Ending Work in Process Inventory Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory Cost of Goods Available for Sale Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Adjustment for Overapplied Overhead $ 0 Adjusted Cost of Goods Sold Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a brief income statement for the company.. DOBSON MANUFACTURING COMPANY Income Statement Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Net Income from Operations