Gitar 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 purchasedli predetermined over rate was based on a reformula tu estimated $119,600 of manufacturing overhead for an estimated alocation Date of $2,000 direct matona dolars to be used in production. The company has provided the following data for the just completed year Pure from Dercator Mandaugavas Indtabor Property Decreation Maintenance urance Renting $40.000 $ 88.000 $ 111,300 1 8700 18.000 1 15.000 10.400 $ Rawatan Work in Pos hos Beg Endine 524000 14.000 $47.000 $ 35,000 3 000 $ 55.000 Required: 1 Compute the prodermined overhead rate for the year 2 Compute the amount of underapplied or overapplied overhead for the you 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materia resedin production as direct materials Compute the neusted contot goods and for the year. Do not include any underapplied overapped overed in your answer 5. Asume that the $6,000 ending beance in Work in Proindudes 8.800 of direct materials are upton way he tomaton minuing below Complete this question by entering your answers in the tatis below. Teguredi Regard Required Hered 4 Heures Coroute the predetermined overtad rate for the year 7301 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 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 6. Assume that the $36,000 ending balance in Work in Process includes $8,800 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 Required 5 Compute the amount of underapplied or overapplied overhead for the year, overheid Required 1 Required 2 Required 3 Required 4 Required 5 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: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Required 1 Required 2 Required 3 Required 4 Required Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer Unadjusted cost of goods sold Required 1 Required 2 Required 3 Required 4 Required 5 Assume that the $36,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assumption, supply the information missing below: $ 8,600 Direct materials Direct labor Manufacturing overhead Work in process inventory $ 36,000