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 $122.200 of manufacturing overhead for an estimated ollocation base of $94,000 direct material dollars to be used in production. The company has provided the following date for the just completed year: Required: 1. Compute the predetermined overhead rate for the year 2. Compute the amount of underapplled 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: 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overappliod overhcad in yout answer. 5. Assume that the $39,000 ending balance in Work in Process includes $8,700 of direct materials. Given this assumption, supply the information missing beiow: Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. Complete this question by entering your answers in the tabs below. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. Complete this question by entering your answers in the tabs below. Assume that the $39,000 ending balance in Work in Process includes $8,700 of direct materials. Given this assumption, supply the information missing below