Summit manufactures supercomputers for businesses and recorded the following transactions for the just completed month. The company uses a job order costing system and had beginning balances of $30,000 in raw materials, $20,000 in work in process, and $50,000 in finished goods (a) $120,000 in raw materials were purchased for cash. (b) The ending balance for raw materials was determined to be $40,000 and the amount of indirect materials used to support production was determined to be $25,000. (c) Total labor wages of $150,000 were incurred and paid in cash. Of this amount, $65,000 was for direct labor. (d) Additional manufacturing overhead costs of $40,000 were incurred and paid in cash. (e) Manufacturing overhead costs of $180,000 were applied to jobs using the company's predetermined overhead rate. (f) Ending balance of work in process inventory was determined to be $20,000, while the ending balance of finished goods inventory was determined to be $15,000. (g) Because the ending balances of work in process and finished goods was small, underapplied or overapplied overhead for the month was closed out to Cost of Goods only. a. Determine the amount of direct materials requisitioned for use in production of supercomputers. (3 points) b. Determine the cost of goods manufactured. (5 points) c. What was cost of goods sold, prior to any adjustments for overhead? (3 points) d. Was overhead over- or under-applied? (1 point) By how much? (1 point) Give the journal entry that Hasbro records to make the overhead adjustment (2 points)