Raw Materials Work in Process Finished Goods $21,000 $18,000 $15,000 $12,000 20 $9,000 $5,000 lo 25 $3,000 $0 November 30 December 31 November 30 December 31 November 30 December 31 Sales, Materials, and Payroll for December Factory Overhead for December 75 tidirect materials 5k Indirect labor 57k Yok Factory payroll Raw materials purchases Total Overhead $42,000 200 K Sales 3ot Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost7096 *+ableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2 Compute overapplied or underapplied overhead. 3. If overhead is underapplied, a journal entry is required to do which of the following: O Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3