Garrett, Inc. budgeted direct labor and manufacturing costs were expected to be $200,000 and 250,000, respectively. The following data relates to 20x3. Job numbers 1, 2, and 3 began during the year and had the following charges for direct material and direct labor:

JOB NUMBER	DIRECT MATERIALS	DIRECT LABOR
1	$145,000	$35,000
2	320,000	65,000
3	55,000	80,000

Jobs 1 and 2 were completed and sold on account to customers at a profit of 60% of cost; Job 3 remained in production. Actual manufacturing overhead by year-end was $233,000. Garrett, Inc. adjusts all underapplied and overapplied overhead to cost of goods sold.

1. Calculate the company's predetermined overhead application rate

2. Calculate Garrett, Inc's. ending work-in-process inventory

3. Determine Garrett, Inc's sales revenue

4. Was manufacturing overhead under or overapplied during 20x3? By how much?

5. What would be the necessary journal entry to handle under or overapplied manufacturing overhead at year end?