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Rieb Inc has provided the following data for the month of September. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing

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Rieb Inc has provided the following data for the month of September. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process Finished Goods $ 3,770 $ 3,ese 9,930 24,180 6,520 11,410 $ 28, 220 $ 44,440 Cost of Goods Sold 5 47,370 130, 110 63,570 $ 241,050 Total $ 59,999 164,228 81.500 5 305, 710 Manufacturing overhead for the month was overapplied by $7.450. The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. Required: Provide the journal entry that would record the allocation of underapplied or overapplied among work in process, finished goods, and cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record the journal entry to allocate the underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold. Note: Enter debits before credits Debit Credit Transaction General Journal Gitano Products operates a job order costing system and applies 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 $133,500 of manufacturing overhead for an estimated allocation base of $89,000 direct material dollars to be used in production. The company has provided the following data for the just completed year $ 135,000 $ 85,000 Purchase of raw materials Direct labor cost Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building $ 141,400 5 8,780 $ 19,000 5 13.000 $ 9,700 5 32,000 Raw Materials Work In Process Finished Goods Beginning Ending $ 24,000 $13,000 $ 48,000 $40,000 $ 70,000 $ 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 overhead in your answer 5. Assume that the $40,000 ending balance in Work in Process includes $8.300 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 2 Required 3 Required required Assume that the $40,000 ending balance in Work in Process includes $8,300 of direct materials. Given this assumption, supply the information missing below! 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 prode 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied 5. Assume that the $40,000 ending balance in Work in Process includes $8,300 of direct materials. Given thi information missing below Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the predetermined overhead rate for the year, Predetermined overhead rate % Required 2 > 1 Compute the predetermined overhead rate for the year. 2 Compute the amount of underapplied or overapplied overhead for the year Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overa 5. Assume that the $40,000 ending balance in Work in Process includes $8,300 of direct materials G information missing below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year. overhead 5 points 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 overhead in your answer 5 Assume that the $40,000 ending balance in Work in Process includes $8,300 of direct materials. Given this assumption supply the Information missing below. Shipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Required s ASK Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. Gitano Products Schedule of Cost of Good Manufacted Direct materials Total raw materials available Raw materials used in production Total manufacturing costs 0 Cost of goods manufactured Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building 5141,400 5 8,700 $ 19,000 $ 13,609 $ 9,700 $ 32,000 Raw Materials Work in Process Finished Goods Beginning Ending $ 24,00 $ 13,000 $ 48,eee $ 40,000 $ 70,eee $ 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 overhead in your answer. 5. Assume that the $40.000 ending balance in Work in Process includes $8.300 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 2 Required 3 Required 4 Required 5 Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer Unadjusted cost of goods sold (Required 3 Required 5 > Kent, ou 101ng 34,UR Raw Materials Work in Process Finished Goods Betinning Ending $ 24,000 5 13,000 $ 48,000 $ 40, eee $ 70,000 $ 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 overhead in your answer. 5. Assume that the $40,000 ending balance in Work in Process Includes $8,300 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 2 Required 3 Required 4 Required Assume that the $40,000 ending balance in Work in Process includes $8,300 of direct materials. Given this assumption, supply the information missing below: Direct materials Ditect labor Manufacturing overhead Work in process inventory $

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