Inventories Work in Process Raw Materials Finished Goods $21,000 $18,000 $15,000 $12,000 $9,000 15,000 20,000 10,000 12,000 $6,000 $3,000 10,000 7,500 November 30 December 31 November 30 December 31 November 30 December 31 Check my work ractory uverneau vor Sales, materiais, anu rayroll for December 5,000 December 7.000 Indirect materials Indirect labor 57,000 40,000 Factory payroll Raw materials purchases Total Overhead $42,000 Sales (received in cash): $200,000 Sales Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% obleau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the follo Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) Sales $ 200,000 Cost of goods so Gross profit $ 200,000 Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. Underapplied overhead