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 $168,000 for the year; direct labor was estimated to total $210,000. Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1) (12/31) $18,200 $14,000 $40,600 $30,800 $57,400 $44,800 The following transactions have occurred during the year. Raw materials purchases Direct materials used Direct labor Indirect materials used Indirect labor $140,000 $121,800 $189,000 $ 22,400 $ 26,600 Factory equipment depreciation $ 39,200 $ 21,000 $ 16,100 $ 11,900 Factory rent Factory utilities. Other factory costs (a) Calculate the predetermined overhead rate. Predetermined Overhead Rate % (b) Calculate cost of goods manufactured. Cost of Goods Manufactured (c) Calculate the over- or underapplied overhead. (Input the amount as positive value.) Overapplied Overhead (d) Calculate adjusted cost of goods sold. Adjusted Cost of Goods Sold