Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $120,000 for the year; direct labor was estimated to total $150,000.

	(1/1)			(12/31)
Raw Materials Inventory	$	13,000		$	10,000
Work in Process Inventory	$	19,000		$	22,000
Finished Goods Inventory	$	41,000		$	32,000

The following transactions have occurred during the year.

Raw materials purchases	$	100,000
Direct materials used	$	91,000
Direct labor	$	125,000
Indirect materials used	$	12,000
Indirect labor	$	18,000
Factory equipment depreciation	$	28,000
Factory rent	$	22,000
Factory utilities	$	9,500
Other factory costs	$	8,500

(a) Calculate the predetermined overhead rate.

(b) Calculate cost of goods manufactured.

(c) Calculate the over- or underapplied overhead. (Input the amount as positive value.)

(d) Calculate adjusted cost of goods sold.