Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $650,000; direct labor costs, $3,000,000; and factory overhead costs applied, $1,800,000. 1. Determine the company's predetermined overhead rate for 2017, 2. Assuming that the company's $71,000 ending Work in Process Inventory account for 2017 had $20,000 of direct labor costs, determine the inventory's direct materials costs. 3. Assuming that the company's $490,000 ending Finished Goods Inventory account for 2017 had $250,000 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 Denominator: Choose Numerator: 1 1 Overhead Rate Overhead rate Required Required 2 > Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the follo materials costs, $650,000; direct labor costs, $3,000,000; and factory overhead costs applied, $1,800.C 1. Determine the company's predetermined overhead rate for 2017. 2. Assuming that the company's $71,000 ending Work in Process Inventory account for 2017 had $20,0 determine the inventory's direct materials costs. 3. Assuming that the company's $490,000 ending Finished Goods Inventory account for 2017 had $250 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 Assuming that the company's $71,000 ending Work in Process Inventory account for 2017 had $20,000 of di determine the inventory's direct materials costs. ces Total cost of work in process inventory Direct materials Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assuming that the company's $490,000 ending Finished Goods Inventory account for 2017 costs, determine the inventory's direct labor costs and its overhead costs. Direct labor Factory overhead costs