The DLSU Press is wholly owned by the university. A job order system is used for printing. The bulk of work is done for other university departments, which pay as though the Press were an outside business enterprise. The Press also publishes and maintains a stock of books for general sale, (Given 19 2 data shown in the following slide) 1 Direct materials and supplies purchased on account $800 Direct materials issued to the production departments 768 Supplies (Direct Materials) issued to various 3 production departments 195 4 Labor used directly in production 1,334 Indirect labor incurred by various departments 995 6 Depreciation, buildings and factory equipment 421 Misc. factory overhead incurred by various departments (repairs, photocopying, utilities, etc.) 602 8 Factory overhead applied at 180% of direct labor cost ? 9 Cost of goods manufactured 4,120 10 Sales 8,000 11 Cost of goods sold 4,020 9. Cost of goods manufactured 4,120 10 Sales 8,000 11 Cost of goods sold 4,020 Inventories, December 31, 19 1: Materials Control 100 Work-in-process control 60 Finished goods control 500 How much is the adjustment that has to be made to COGS? Please include the sign to determine if this is overapplied or underapplied. Please include up to two decimal places in your answers.