PA2-8 Recording Manufacturing Costs, Preparing a Cost of Goods Manufactured Report, and Calculating Income from Operations [LO 2-3, 2-4, 2-5, 2-6] Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $50,200 and its total manufacturing overhead cost to be $95,380 Several incomplete general ledger accounts showing the transactions that occurred during the most recent accounting period follow: Required 1. Calculate the predetermined overhead rate Predetermined Overhead Rate 1901 % of Direct Labor Cost 2. Fill in the missing values in the T-accounts Raw Materials Inventory Work in Process Inventory 14,800 94,000 28,100 29,700 68,400 40,100 76,190 19,500 80,700 Beginning Balance Direct Materials Direct Labor Applied Overhead Ending Balance 194,890 Beginning Balance Purchases Ending Balance Finished Goods Inventory Cost of Goods Sold 185,690 Beginning Balance Cost of Goods Completed Ending Balance 40,500 194,890 49,700 185,690 Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold