Beginning Balance Purchases 68.700 Ending Balance Beginning Balance Direct Materials Direct Labor Applied Overhead Ending Balance $ 1.000 10.800 Finished Goods Inventory 40,100 Cost of Goods Sold | Beginning Balance Cost of Goods Completed Ending Balance Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 48.500 Sales Revenue Manufacturing Overhead 318,000 10.900 Applied Overhead Indirect Materials Indirect Labor Factory Depreciation Factory Rent Factory Utilities Other Factory Costs Actual Overhead 60,000 Selling, General, and Administrative Expenses Adm. Salaries 27.800 Office Depreciation 20.000 Advertising 13.700 Ending Balance 61.500 Uobson 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 $52.400 and its total manufacturing overhead cost to be $99,560. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing values in the T-accounts. Beginning Balance Raw Materials Inventory 13.800 04.000 28.200 "urchases Work in Process Inventory 28.000 68.700 s 41.000 Beginning Balance Direct Materials Direct Labor Applied Overhead Ending ance ndng Balance 19.800 Finished Goods Inventory Cost of Goods Sold