ces PA2-8 (Algo) Recording Manufacturing Costs, Preparing a Cost of Goods Manufactured Report, and Calculating Income from Operations [LO 2-3, 2-4, 2-5, 2-6] Dobson 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 $55,600 and its total manufacturing overhead cost to be $88,960. 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. Check my work Required 1 Required 2 Required 3 Required 4 Required S Fill in the missing values in the T-accounts. Beginning Balance Purchases Ending Balance Raw Materials Inventory 14,500 Beginning Balance Work in Process inventory 28,900 94.800 Direct Materials 68,000 30,000 Direct Labor $ 40,500) Applied Overhead Ending Balance 19,600