solve required1,2,3,4,5

3 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 $800,000 of manufacturing overhead for an estimated allocation base of $500,000 direct material dollars to be used in production, The company has provided the following data for the just completed year $ 510,000 $ 90,000 10 points Purchase of raw materials Direct labor cont Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Hent, building $170,000 $ 48,000 $ 260,000 $ 95,000 $ 7,000 $ 180,000 Heteronews Raw Materiale Work in Process Finished Goods Beginning $ 20,000 $ 150,000 $ 260,000 Ending $ 80,000 $ 70,000 $ 400.000 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 $70,000 ending balance in Work in Process includes $24.000 of direct materials. Given this assumption, supply the Information missing below: Complete this question by entering your answers in the tabs below. HW Chapter 3 Help Depreciation of equipment Maintenance Insurance Rent, building 460, $ 95,000 $ 7.000 $ 180,000 3 10 points Beginning Ending Raw Materiale $ 20,000 $ 30,000 Work in process $ 150,000 $ 70,000 Finished Goods $ 260,000 $ 400,000 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 $70,000 ending balance in Work in Process includes $24.000 of direct materials. Given this assumption, supply tho Information missing below: rences 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. Predermined overhead rate 1601 Required 2 > HW Chapter 3 Saved Help 3 Deginning Ending Nav Materials $ 20,000 $ 80,000 Work in Process $ 150,000 $ 70,000 Finished Goods $ 260,000 $ 400,000 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 alt 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 $70,000 ending balance in Work in Process includes $24,000 of direct materials. Given this assumption, supply the Information missing below: 10 points ferences Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year. Underuppled 760,000 Cremad $ HW Chapter 3 Seved Help Say 5. Assume that the souvending paance in work in Process includes $24,000 or airect materiais. Given this assumpuon, supply the information missing below 3 Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. -Book References Gitano Products Schedule of Cost of Goods Manufactured $ 20,000 10,000 30,000 80,000 $ Direct materials aw materials inventory ending Add: Purchases of raw materials Total raw materials available Less Purchases of raw materials Direct materials used in production Direct labor Manufacturing overhead applied to work in process Total manufacturing costs added to production Total manufacturing costs to account for Lese: Ending work in process inventory Cost of goods manufactured 450.000 90,000 720,000 1.200,000 1.260,000 80.000 $ 1,340,000 HW Chapter 36 Seved Help Save Insurance Rent, building > $ 7.000 $ 180,000 3 10 points beginning inding Raw Materiais $ 20,000 $ 80,000 Work in Process $ 150,000 $ 70,000 Finished Goods $ 260,000 $ 400,000 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 $10,000 ending balance in Work in Process includes $24.000 of direct materials. Given this assumption, supply the Information missing below: cool Complete this question by entering your answers in the tabs below. Required: Required 2 Required) Required 4 Required Compute the unadjusted cost of goods sold for the year. Do not include any underappled or overapplied overhead in your answer. Uniedusted cost of goods sold 1,340.000 HW Chapter 3 Help Raw Materials $ 20,000 $ 80,000 Work in Process $ 150,000 $70,000 Pinished Goods $ 260,000 $ 400,000 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 ali 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 $70,000 ending balance in Work in Process includes $24,000 of direct materials. Given this assumption, supply the information missing below. 3 10 points COM eference Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Required * Required 5 Assume that the $70,000 ending balance in Work in Process includes $24,000 of direct materials. Given this assumption, supply the information missing below: $ 24,000 Direct materiais Direct labor Manufacturing overhead Work in process inventory 5 70,000 Required 4