Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $710,000; direct labor costs, $3,600,000; and factory overhead costs applied, $2,520,000. 1. Determine the company's predetermined overhead rate for 2017 2. Assuming that the company's ST77,000 ending Work in Process Inventory account for 2017 had $26,000 of direct labor costs, determine the inventory's direct materials costs 3. Assuming that the company's $550,000 ending Finished Goods Inventory account for 2017 had $329,000 of direct materials costs determine the inventory's direct labor costs and its overhead costs. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Determine the company's predetermined overhead rate for 2017 Overhead Rate Choose Numerator: Choose Denominator: Overhead Rate - Overhead rate Required 1 Required 2 > Required 1 Required 2 Required 3 Assuming that the company's $77,000 ending Work in Process determine the inventory's direct materials costs. Total cost of work in process inventory Direct materials