Gilbert Inc. manufactures custom conveyor systems for manufacturing operations and commercial operations. Erin Smith is Gilbert's management accountant and she is in the process of training a new employee, Ileather Fontenot, on the order cost calculation system by Gilbert Inc. uses The cost culcul system is based on normal costs, overhead costs are assigned according to the cost of direct labor. Heather gathered the following order cost records for July:

Numro de commande	Matire premire	Main d'oeuvre directe	FIF imputs	Cout total
667	5901$	1730$	1990$	9621$
669	18312$	1810$	2082$	22204$
670	406	500	575	1481$
671	51405	9500	10925	71830$
672	9615	550	633	10798$

To explain the missing order number, Erin informed Feather that work N. G68 had been completed and delivered in June. She also told him that order N. 667 was the only order in progress at the beginning of July. At that time, $4,300 had been allocated as raw material cost and $900 as direct labor cost. At the end of July, order N. 671-was not completed; all the others had been completed. Among the completed orders, orders No. 667, 669 and 672 were delivered in July. Heather also obtains a total amount of 17500 S corresponding to the actual indirect manufacturing costs incurred in July. Erin asked Heather several questions to determine if she understood the cost-to-order cost system.

Help Heather answer the following questions

Work to be done:

1. What is the predetermined imputation rate (TIP) used by Gilbert Inc.? (2 points)

2. What was the total cost of stock products in progress at the beginning of July? What was the total primary cost incurred for the month of July? (4 points)

3. What was the total cost of stocks of finished products at the end of July? (2 points)

4. How much were the indirect manufacturing costs under-i Charged or Over- Charged? (3 points)

5. What is the final balance of the cost of the products sold if the under-illute or over-illed indirect manufacturing costs were adjusted. Prepare the adjustment diary writing. (5 points)