irect matertials used in Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of di production (not on the basis of raw materials purchased). Its predetermined overhead rate $124,600 of manufacturing overhead for an estimated allocation base of $89,000 direct material dollars to be used in production. The company has provided the following data for the just completed year was based on a cost formula that estimated Purchase of raw materials Direct labor cost Manufacturing overhead costs: 139,000 $85,809 Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building 127,800 $ 8,860 $ 18,800 $ 12,800 11,300 5 40,000 Beginning Ending $ 27,000$13,000 46,000 36,000 71,000 56,000 Raw Materials Work in Process Finished Goods 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 overapp/lied overhead in your answer 5. Assume that the $36,000 ending balance in Work in Process includes $8,000 of direct materials. Given this assumption, supply the informatinn micsinn hainu