All answers must be entered as a formula

\begin{tabular}{|c|c|c} A & B & C \\ \hline 1 & Stanford Enterprises uses job-order costing. \\ \hline \end{tabular} D E F G H The allocation base for overhead is direct labor hours. 3 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours 8 9 Actual costs for the year: \begin{tabular}{|l|l|l|} \hline 10 & Purchase of raw materials (all direct) & $375,000 \\ \hline 11 & Direct labor cost & $536,300 \\ \hline 12 & Manufacturing overhead costs & $302,750 \end{tabular} 14 Inventories: 15 Raw materials (all direct) 19 Use the data to answer the following. \begin{tabular}{c|c|c} A & B & C \\ \hline Use the data to answer the following. \end{tabular} 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: Actual manufacturing overhead cost Predetermined overhead rate Actual direct labor hours Manufacturing overhead applied Underapplied (overapplied) manufacturing overhead Stanford Enterprises Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning Add: Purchases of raw materials Total raw materials available Deduct: Raw materials inventory, ending Raw materials used in production 39 Direct labor 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 3. Prepare a schedule of cost of goods sold. 43 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 46 3. Prepare a schedule of cost of goods sold. Stanford Enterprises Schedule of Cost of Goods Sold Finished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Unadjusted cost of goods sold 57 Underapplied (overapplied) overhead 58 Adjusted cost of goods sold