Problem 4-26 Coronado Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,940,000 and that employees would work a total of 64,667 direct labor hours. During March, the company worked on the following five jobs: Job 134 Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Balance March March March $118,700 $3,000 $8,300 160 121,550 2,400 12,190 250 21,600 86,200 36,000 3,400 34,450 71,900 31,890 2,760 18,910 21,845 1,420 $296,300 $182,410 $110,225 7,990 212 287 301 Total Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $177,000. The manufacturing overhead account is disposed of annually, not monthly. Calculate the predetermined overhead rate used by Coronado Company in 2017. Predetermined overhead rate $ 30/DLH Calculate the total manufacturing cost for March Total Manufacturing Cost $ 532334 Calculate the total cost for each of the five jobs as of March 31. Job 134 Job 158 Job 212 Job 287 Job 301 Total Cost $ Calculate the cost of goods manufactured for March. Cost of Goods Manufactured $ Calculate the balance in the Work in Process Inventory account as of March 31. Work in Process Account as of March 31 $ Calculate the cost of Goods Sold for March. Cost of Goods Sold for March $ Calculate the balance in the Finished Goods Inventory account as of March 31. Finished Goods Inventory account as of March 31 $ Click if you would like to Show Work for this question: Open Show Work