Stanford Enterprises uses job-order costing. Overhead is applied on the basis of direct labor hours. The following information relates to the year just ended. Data: Estimated total overhead costs Estimated total direct labor hours Actual total direct labor hours Actual costs for the year: Purchase of raw (direct) materials Direct labor cost Manufacturing overhead Inventories: Raw (Direct) Materials Work in Process Finished Goods Required: Use the data to fill in the following information. (Use cells B6 to C18 from the given information to complete this question. If overhead is overapplied, your answer should be displayed as a negative value. All answers should be input and displayed as positive values.) 1. Overhead: Actual overhead cost Predetermined overhead rate Actual direct labor hours Total overhead applied (Over) or under applied overhead 2. Prepare a schedule of cost of goods manufactured: (Use cells B6 to C18 from the given information to complete this question. All answers should be input and displayed as positive values.) Stanford Enterprises Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning Add: Purchases of raw materials Total raw materials available Deduct: Raw materials inventory, ending Raw materials used in production Direct labor Applied manufacturing overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Deduct: Ending work in process inventory Cost of goods manufactured 3. Prepare a schedue of cost of goods sold. (Use cells B6 to C18 from the given information to complete this question. If overhead is overapplied, your answer should be displayed as a negative value. All answers should be input and displayed as positive values.) Adjusted cost of goods sold Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment