Required Required Required Required Required Prepare a schedule of cost of goods manufactured for the year. As are used in production as direct materials. Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used on production (not on the basis of raw materials purchasech. Its predetermined overhead rate was based on a cost formula that estimated $112,000 of manufacturing overhead for an estimated allocation base of $90,000 direct material caliers to be used in production. The company has provided the following data for the just completed year Gitano Products Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Purchase of raw materials $136,00 Direct labor cost $ 86,00 Manufacturing overhead costs: Indirect labor $111,603 Property taxes $ 8,608 Depreciation of $ 18,00 equipment Maintenance $ 16,000 Insurance $ 7,209 Rent, building $ 37,008 Raw materials used in production Total manufacturing costs Beginning Ending Raw Materials$ 30,000 $16,809 Work in Process $ 48,800 $36,888 Finished Goods $ 74,898 $58,888 Cost of goods manufactured Required: 1 Compute the predetermined overhead rate for the year 2. Compute the amount of underapalled or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume allraw materials are used in production as Cirect materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $36,000 ending balance in Work in Process includes $8.900 of direct materials. Given this assumption, supply the information missing below. Required Required Required Required Required Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. Complete this question by entering your answers in the tabs below. Unadjusted cost of goods Required Required Required Required Required Compute the predetermined overhead rate for the year. Screen Shot 2020-04-13 at 2.18.17 PM @ Search Predetermined overhead role @ Required 2 > Required Required Required Required Required Assume that the $36,000 ending balance in Work In Process Includes $8.900 of direct materials. Given this assumption, supply the information missing below: Compute the amount of underapplied or overapplied overhead for the year. overhead Direct materials Direct labor Manufacturing overhead Work in process inventory