Taylor Corporation uses a job order costing system and worked only on Job 101 during the current period. Job 101 was sold for \( \$ 460,000 \). The following information pertains to costs incurred for Job 101. After adjusting for.the amount.of over-or underapplied overhead, determine Please submit your response below: 1. Calculate the Total Cost of Goods Sold 2. Calculate the Gross Profit. 3. Adjust for.the ampupt of over-or underapplied overhead and determine the amount of gross profit earned during the year.

4. Describe the impact when you have: a. Overapplied Overhead? b. Underapplied Overhead?