1. Calculate and dispose of overapplied or underapplied manufacturing overhead.
2. Calculate the cost of goods manufactured and cost of goods sold.

Cost of Goods Manufactured and Cost of Goods Sold - Excel 7 0 - X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 - A A % Paste BIU - Alignment Number Conditional Format as Cell Cells Formatting * Table Styles Editing Clipboard Font Styles Al X Stanford Enterprises uses job-order costing. A B C D E F G H I 1 Stanford IEnterprises uses job-order costing. 2 Overhead is applied on the basis of direct labor hours. 3 The following information relates to the year just ended. 4 Data: 5 Estimated total overhead costs $ 275,000 6 Estimated total direct labor hours 25,000 7 Actual total direct labor hours 27,760 Actual costs for the year: 10 Purchase of raw (direct) materials 375,000 11 Direct labor cost 536,300 12 Manufacturing overhead 302,750 13 14 Inventories: Beginning Ending 15 Raw Materials (All Direct) $ 15,000 $ 11,375 16 Work in Process 27,875 22,350 17 Finished Goods 34,600 26,450 18 19 Use the data to answer the following. 20 21 1. Overhead: 22 Actual overhead cost 23 Predetermined overhead rate 24 Actual direct labor hours Sheet1 + READY IT + 100% Attempt(s) Hint