Ecola Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $132,000 for the year; direct labor was estimated to total $165,000.

	(1/1)			(12/31)
Raw Materials Inventory	$	14,300		$	11,000
Work in Process Inventory	$	31,900		$	24,200
Finished Goods Inventory	$	45,100		$	35,200

The following transactions have occurred during the year.

Raw materials purchases	$	110,000
Direct materials used	$	95,700
Direct labor	$	148,500
Indirect materials used	$	17,600
Indirect labor	$	20,900
Factory equipment depreciation	$	30,800
Factory rent	$	16,500
Factory utilities	$	12,650
Other factory costs	$	9,350

(a) Calculate the predetermined overhead rate.

(b) Calculate cost of goods manufactured.

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

(d) Calculate adjusted cost of goods sold.