The following costs are . . Purchase of raw materials (all direct) $292,100 Direct labour co st 55 141,900 Manufacturing overhead costs $158,260 Inventories: Beginning raw materials $10,000 Ending raw materials $9,000 Beginning work in process $20,000 Ending work in process $14,800 Beginning nished goods $20,000 Ending nished goods $5,800 Quilt Company used a 120% predetermined overhead rate based on direct labour cost. R_equired: 7. Calculate the cost of goods manufactured. 3. What was the cost of goods sold before adjusting for any under or over applied overhead? 9. By how much was manufacturing overhead cost under or over applied? 10. Would the summary journal entry to close any under or over applied manufacturing overhead cost be a debit or