Gitano Products opelates a job-order costing system and appies ovethead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). is gsedetemined overhead rate was based on a cost formula that estimated $800.000 of manufacturing overhead for an estimated allocation base 6%$500000 direct material dollars to be used in production, The company has provided the following data for the just completed year: Required: 1. Compute the predetermined overhead rate for the yeat. 2. Compute the amount of underapplied or overapplied ovechead for the year 3. Prepare a schedule of cost of goods manufactured for the vcar As inume ali raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $70,000 ending balance in Work in Process includes $24.000 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the unadjusted cost of goods gold for the year Do not include any underapplied or overapplied overhead in your