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 $52,400 and its total manufacturing overhead cost to be $89,080.

Raw Materials Inventory Work in Process Inventory Beginning Balance 78,600 190,170 O 14,900 Beginning Balance 29,200 Purchases 93,600 Direct Materials 69,300 $ 41,100 Ending Balance 29,900 Direct Labor Applied Overhead 69,870 O Ending Balance 19,300 Finished Goods Inventory Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Beginning Balance 40,800 182,370 182,370 Cost of Goods Completed 190,170 185,200 Ending Balance 48,600 Manufacturing Overhead Sales Revenue Applied Overhead 89,870 O 310,000 Indirect Materials 9,300 Indirect Labor 14,700 Factory Depreciation 12,200 Factory Rent 6,000 Factory Utilities 2,500 Other Factory Costs 8,000 52,700 Actual Overhead Selling, General, and Administrative Expenses Adm. Salaries 27,100 Office Depreciation 19,300 Advertising 13,900 Ending Balance 80,300 Prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead. DOBSON MANUFACTURING COMPANY Cost of Goods Manufactured and Sold Report Direct Materials Used in Production Total Current Manufacturing Costs Total Work in Process Cost of Goods Manufactured Cost of Goods Available for Sale Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Calculate the predetermined overhead rate. % of Direct Labor Cost Predetermined Overhead Rate Compute over- or underapplied overhead. Manufacturing Overhead