need help with part 3 and 4
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 Beginning work in process inventory Direct materials: Beginning raw materials inventory $ 22,000 Add: Purchases of raw materials 136,000 Total raw materials available 136,022 Less: Ending raw materials inventory 11,000 Direct materials used in production Direct labor Manufacturing overhead applied to work in process Total manufacturing costs added to production Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured > $ 125,022 84.000 . D mined Gitano 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 purchased). Its predetermined overhead rate was based on a cost formula that estimated $114,400 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production The company has provided the following data for the just completed year Purchase of raw materials $ 136,000 Direct labor cost $ 84,000 Manufacturing overhead costs: Indirect labor $ 105,300 Property taxes $ 8,900 Depreciation of equipment $ 15,000 Maintenance $ 14,000 Insurance $ 10,300 Rent, building $ 34,000 Beginning Ending Raw Materials $ 22,080 $ 17,000 Work in Process $ 44,880 $ 37,000 Finished Goods $ 69,00 $ 58,888 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 nhalanre in Work in Process includes $8.900 of direct materials. Given this assumption, supply the