Curtis Inc. uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $75,000 for the year; direct labor was estimated to total $150,000.

	(1/1)			(12/31)
Raw Materials Inventory	$	10,000		$	13,000
Work in Process Inventory	$	22,000		$	19,000
Finished Goods Inventory	$	34,000		$	41,000

The following transactions have occurred during the year.

Raw materials purchases	$	100,000
Direct materials used	$	91,000
Direct labor	$	145,000
Indirect materials used	$	6,000
Indirect labor	$	15,000
Factory equipment depreciation	$	24,000
Factory rent	$	18,000
Factory utilities	$	7,500
Other factory costs	$	6,500

(a) Calculate the predetermined overhead rate.

(b) Calculate cost of goods manufactured.

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

(d) Calculate adjusted cost of goods sold.