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 $37,650 for the year, direct labor was estimated to total $150,600. 3 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1) (12/31) $ 11,100 $ 12,900 $ 23,500 $17,100 $ 34,700 $ 39,300 8 00:59:22 The following transactions have occurred during the year. Ask Raw materials purchases $ 112,000 Direct materials used $ 103,800 Direct labor $ 146,800 Indirect materials used $ 6,400 Indirect labor $ 15,600 Factory equipment depreciation $ 24,600 Factory rent $ 19,400 Factory utilities $ 9,300 Other factory costs $ 7,400 (a) Calculate the predetermined overhead rate. Predetermined Overhead Rate 20% (b) Calculate cost of goods manufactured Cost of Goods Manufactured (c) Calculate the over- or underapplied overhead. (Input all amounts as positive values.) Overhead K (d) Calculate adjusted cost of goods sold. Adid. Cantofnnda Cold