ces Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated. $109,200 of manufacturing overhead for an estimated allocation base of $91,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials Direct labor cost Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building $ 130,000 $ 87,000 $ 89,600 $ 8,300 $ 16,000 $ 12,000 $ 7,500 $ 39,000 Raw Materials Work in Process Finished Goods Required: Beginning $23,000 Ending $13,000 $ 46,000 $ 38,000 $ 69,000 $ 57,000 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $38,000 ending balance in Work in Process includes $8,900 of direct materials. Given this assumption, supply the information missing below: 3 Homework i Saved ces Work in Process Finished Goods Required: $ 40,000 30,000 $ 69,000 $ 57,000 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw 4. Compute the unadjusted cost of goods sold for the year. Do not include any und 5. Assume that the $38,000 ending balance in Work in Process includes $8,900 of information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the predetermined overhead rate for the year. Predetermined overhead rate % 2 ook int ences Work in Process Finished Goods Required: $ 40,000 38,000 $ 69,000 $ 57,000 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw ma 4. Compute the unadjusted cost of goods sold for the year. Do not include any under 5. Assume that the $38,000 ending balance in Work in Process includes $8,900 of d information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year. overhead < Required 1 Required 3 > Work in Process Finished Goods Required: $ 69,000 $ 57,000 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overap 5. Assume that the $38,000 ending balance in Work in Process includes $8,900 of direct materials. Giv information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in product materials. Gitano Products Schedule of Cost of Goods Manufactured Direct materials: ook int Work in Process Finished Goods Required: $ 69,000 $ 57,000 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are w 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or c 5. Assume that the $38,000 ending balance in Work in Process includes $8,900 of direct materia information missing below: Complete this question by entering your answers in the tabs below. ences Required 1 Required 2 Required 3 Required 4 Required 5 Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overappl answer, Unadjusted cost of goods sold < Required 3 Required 5 > k Work in Process Finished Goods Required: $ 69,000 $ 57,000 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or 5. Assume that the $38,000 ending balance in Work in Process includes $8,900 of direct mater information missing below: Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Required 3 Required 4 Required 5 Assume that the $38,000 ending balance in Work in Process includes $8,900 of direct materials. Gi- supply the information missing below: Direct materials $ 8,900 Direct labor Manufacturing overhead Work in process inventory $ 38,000 Required A Required S