Gitano Products operates a job-order costing system and applies overhead cost to jobs on production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimater $124,600 of manufacturing overhead for an estimated allocation base of $89,000 direct material dollars to be used in production. The the basis of direct materials used in company has provided the following data for the just completed year Purchase of raw materials Direct labor cost Manufacturing overhead costs: 139,080 $85,80e Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building $ 127,800 $8,880 $18,000 S 12,e00 s 11,36 s 48,e00 Beginning Ending Raw Materials Work in Process Finished Goods $ 27,000 13,000 $ 46,000 $36,000 $71,000 $56,000 Required: 1. Compute the predetermined overhead rate for the year 2. Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials 5. Assume that the $36,000 ending balance in Work in Process indludes $8,000 of direct materials, Given this assumption, supply the information missing below 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your