Saved 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 $109.200 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 Direct labor cost Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance $ 139,000 80,000 $ 119,200 8,800 16,000 11,000 $ Insurance 11,000 37,000 Rent, building Beginning 27,000 $ 45,000 $ 39,0ee $ 69,000 $ 59,e00 Ending Raw Materials Work in Process Finished Goods 13,000 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 $39,000 ending balance in Work in Process includes $8,200 of direct materials. Given this assumption, supply the information missing below Required 1 Required 2 Required 3 Required 4 Required 5 predermined overhead rate for the year. Compute the Predetermined overhead rate % Required 2 Required Required 1 Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year overhead ired Required 1 Required 2 Required 3 Required 4 Real 5 Assume that the $39,000 ending balance in Work in Process includes $8,200 of direct materials. Given this assu supply the information missing below: Direct materials Direct labor Manufacturing overhead Work in process inventory