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 $57,900 and its total manufacturing overhead cost to be $92,640 Several incomplete general ledger accounts showing the transactions that occurred during the most recent accounting period follow 1. Calculate the predetermined overhead rate. ed Overhead Rate % of Direct Labor Cost 2. Fill in the missing values in the T-accounts. Work in Process Inventory Raw Materials Inventory Beginning Balance Purchases Ending Balance 14,900 94,400 28,100 Beginning Balance Direct Matenals Direct Labor Applied Overhead Ending Balance 29,000 69,200 $ 40.800 18,900 Finished Goods Inventory Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 40,200 Beginning Balance Cost of Goods Completed Ending Balance 48,100