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10. Find predetermined overhead allocation rate. (=70%)

11. Find predetermined manufacturing overhead costs during January, 2019. (=$4,200)

12. Find cost of goods manufactured during January, 2019. (=$12,150)

13. Find cost per unit for goods manufactured during January, 2019. If necessary, round to the nearest dollar. (=$270)

14. Find cost of goods sold before overallocated or underallocated manufacturing overhead adjustment during January, 2019. (=$10,800)

15. Find cost of goods sold after overallocated or underallocated manufacturing overhead adjustment during January, 2019. (=$12,300)

16. Find gross profit for January, 2019. (=$2,700)

Questions 10 - 16 Dark World Company manufactures sunglasses. Dark World uses direct labor costs to estimate manufacturing overhead costs. At the end of December, 2018, Dark World estimated that the manufacturing overhead costs would total $56,000 and the direct labor costs would total $80,000 in 2019. Dark World had beginning and ending balances of inventories for January, 2019 as follows: Raw materials Work-in-process inventory Finished goods inventory Jan. 1, 2019 $3,200 $1,350 Jan. 31, 2019 $1,800 $2,100 $0 Following is a list of costs the company incurred during January, 2019. Purchased raw materials at $2,500 Incurred manufacturing wages of $7,500; 80% of which was direct labor and 20% of which was indirect labor Used in production: direct materials, $2,700; indirect materials, $1,200 Depreciation on plant at $2,000 Plant insurance at $1,500 Plant property tax at $500 Dark World produced 45 units and sold 40 units during January, 2019. The sales price of sunglasses was $400 each