Selected T-accounts of Bobs Company are given below for the just completed year. Raw Materials 35,000 Credits 160,000 45,000 Bal. 17 Debits Bal. 12/31 7 Manufacturing Overhead 188.400 Credits Debits ? 530,000 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Work in Process 40,000 Credits 110,000 210,000 218,400 ? Debits Factory Wages Payable 225,000 Bal. 171 Credits Bal. 12/31 19,000 220,000 14,000 Finished Goods 60,000 Credits ? 90,000 Bal. 1/1 Debits Bal. 12/31 ? Cost of Goods Sold ? Debits 5. What was the unadjusted cost of goods sold for the year? Do not include any underappled or overapplied overhead in your answer. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work In Process. Assume that this balance consists entirely of goods started during the year. If $13,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost