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pls help Problem 3-14 (Algo) Schedule of Cost of Goods Manufactured; Overhead Analysis (LO3-3, L03-4) Gitano Products operates a job-order costing system and applles overhead

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Problem 3-14 (Algo) Schedule of Cost of Goods Manufactured; Overhead Analysis (LO3-3, L03-4) Gitano Products operates a job-order costing system and applles 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 $125,000 of manufacturing overhead for an estimated allocation base of $84,000 direct material dollars to be used in production. The company has provided the following data for the just completed year. Purchase of raw materials $ 131,000 Direct labor cost 50,000 Manufacturing overhead costs Indirect labor $ 129,200 Property taxe $ 8,400 Depreciation of equipment $ 20,000 Maintenance $ 13,000 $9.900 Bent, building $ 30,000 Trance eginning odling Material 33.000 11,000 Work in Proce 40,000 39,000 Timebed Goods $ 69,000 $ 59,000 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 overhend in your answer 5. Assume that the $39,000 ending balance in Work in Process includes $8,000 of direct materials. Given this assumption, supply the Information missing below Complete this question by entering your answers in the tabs below. Required 1 Required quired Required Bened

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