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Gitano Products operates a job - order costing system and applies overhead cost to jobs on the basis of direct materials used in production (
Gitano Products operates a joborder costing system and applies overhead cost to jobs on the basis of direct materials
used in production not on the basis of raw materials purchased Its predetermined overhead rate was based on a cost
formula that estimated $ of manufacturing overhead for an estimated allocation base of $ direct material
dollars to be used in production. The company has provided the following data for the just completed year:
Required:
Compute the predetermined overhead rate for the year.
Compute the amount of underapplied or overapplied overhead for the year.
Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct
materials.
Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in
your answer.
Assume that the $ ending balance in Work in Process includes $ of direct materials. Given this assumption,
supply the information missing below:
Complete this question by entering your answers in the tabs below.
Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct
materials.
Please provide answers for each number in the question, and PLEASE PROVIDE THE TABLE, will give like!!
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