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 S50,200 and its total manufacturing overhead cost to be $85,340 Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. uired: 1. Calculate the predetermined overhead rate Overhead Rate % of Direct Labor Cost 2. Fill in the missing values in the T-accounts Raw Materials Inventory Work in Process Inventory Beginning Balance Purchases Ending Balance 13,700 93,400 29.100 Beginning Balance Direct Materials Direct Labor Applied Overhead Ending Balance 29.400 69.500 $ 40,600 18,200 Finished Goods Inventory Cost of Goods Sold Beginning Balance Cost of Goods Completed Ending Balance 40,000 Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 49,100