Gitano Products uses job$-$order costing and applies overhead cost to jobs based on direct materials used in production $($not on the Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Compute the amount of underapplied or overapplied overhead.

overhead Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Required $4$

Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials.

$\backslash$table$[[$Gitano Products,,$],[,,,],[$Direct materials:,,,$],[,,,],[,,,],[$Total raw materials available of Cost of Goods Manufactured,,,$],[,,,],[$Direct materials used in production,,,$],[,,,],[,,,],[$Total manufacturing costs added to production,,,$],[$Total manufacturing costs to account for,,,$],[,,,],[$Cost of goods manufactured,,,$]]$ Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Required $4$

Required $5$

Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer.Assessment Tool iFrame

by entering your answers in the tabs below.

Assume the $$38,000$ ending balance in Work in Process includes $$8,300$ of direct materials. Given this assumption, supply the

information missing below:

basis of raw materials purchased$).$ Its predetermined overhead rate is based on a cost formula that estimated $$110,500$ of

manufacturing overhead for an estimated allocation base of $$85,000$ direct material dollars to be used in production. The company

provided the following data for the just completed year:

Required:

Compute the predetermined overhead rate.

Compute the amount of underapplied or overapplied overhead.

Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials.

Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer.

Assume the $$38,000$ ending balance in Work in Process includes $$8,300$ of direct materials. Given this assumption, supply the

information missing below:

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Required $4$

Compute the predetermined overhead rate.