Gitano Products operates a job-order 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 $117.000 of manufacturing overhead for an estimated allocation base of $90,000 direct material dollars to be used in production. The company has provided the following data for the just completed year Purchase of raw materials Direct labor cost Manufacturing overhead costs: Indirect labor $130,000 $ 86,000 $27,700 $ 8,200 $19,000 $15,000 8,500 $ 37,000 Property taxes Depreciation of equipment Maintenance Insurance Rent, building Beginning Ending 29,000 $13,000 $ 48,000 $37,000 $ 71,000 $61,000 Raw Materials Work in Process Finished Goods 1-b. Compute the amount of underapplied or overapplied overhead for the year Underapplied overhead 2. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. Gitano Products Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning 29,000 130,000 Add: Purchases of raw materials 159,000 Total raw materials available 13,000 Less: Raw materials inventory, ending Raw materials used in production Direct labor Manufacturing overhead applied to work in process Total manufacturing cost S 146,000 86,000 232,000 48,000 Add: Work in process, beginning 280,000 37,000 Less: Work in process, ending 243,000 Cost of goods manufactured 3-a. Compute the unadjusted cost of goods sold for the year. (Do not include any underapplied overapplied overhead in your cost of goods sold figure.) or Unadjusted cost of goods sold 4. Job 215 was started and completed during the year. What price would have been charged to the customer if the job required $3,700 in direct materials and $4,200 in direct labor cost and the company priced its jobs at 60% above the job's cost according to the accounting system? Price to customer 4. Job 215 was started and completed during the year. What price would have been charged to the customer if the job required $3,700 in direct materials and $4,200 in direct labor cost and the company priced its jobs at 60% above the job's cost according to the accounting system? Price to customer