SINCLAIR CORPORATION produces a product for which the following cost information is available for one unit: Perunit cost DirectMaterials 17.60 $ DirectLa bor 21.00 $ The unit sells for $100 and requires 2.5 standard direct labor hours at $8.40 per hour. The company estimates 120,000 direct labor hours and estimates overhead to be $360,000. 18. Assuming that Sinclair applies overhead based on direct labor hours, the predetermined overhead rate would be: $______________ 19. The amount of overhead applied to a unit of product is: $____________ per unit 20. The standard cost per unit is: $__________ 21. Assume that Sinclair has $5,000 in beginning work in process and $9,000 in ending work in process for the period. Total production costs for the period were $44,800. Cost of goods manufactured was: $______________ 22. Assume that Cost of Goods Manufactured for the period was $45,000. Sinclair had $4,000 of product in finished-goods inventory at the start of the period, and $3,000 in finished-goods inventory at the end of the period. Cost of Good Sold is: $_______________ 23. Based on your answer to #22 above - if 1,500 units were sold, the amount of gross margin (gross profit) for the period is: $_____________