The following costs are attributed to the Quilt Company:

Purchase of raw materials (all direct) $293,000

Direct labour cost $144,600

Manufacturing overhead costs $178,460

Inventories:

Beginning raw materials $9,000

Ending raw materials $8,000

Beginning work in process $20,000

Ending work in process $15,600

Beginning finished goods $20,000

Ending finished goods $5,600

Quilt Company used a 125% predetermined overhead rate based on direct labour cost.:

a-Calculate the cost of goods manufactured.

b-What was the cost of goods sold before adjusting for any under or over applied overhead?

C-Was the overheard overapplied or underapplied and by how much?

D-Indicate if the disposition of the over/underapplied will be a debt or a credit to the

GOGS?