The following information is for Angus Company for May: a. Factory overhead costs were applied to jobs at the predetermined rate of $48.00 per labor hour. Job Sincurred 6,230 labor hours; Job T used 4,330 labor hours. b. Job S was shipped to customers during May. c. Job T was still in process at the end of May d. The overapplied or underapplied overhead to the Cost of Goods Sold account was closed at the end of May. e. Factory utilities, factory depreciation, and foctory insurance incurred are summarized as follows: Utilities Depreciation Insurance Total $ 15,900 47,750 19,100 $ 82,750 1. Direct materials and indirect materials used are as follows: Jobs $ 31,250 Job $ 74,000 36,650 $ 110,650 Material 1 Material 2 Subtotal Indirect materials Total Total $ 105,250 50, 100 $ 155,550 21,750 $369,100 $44,900 g. Direct labor incurred for the two jobs and indirect labor are as follows: g. Direct labor incurred for the two jobs and indirect labor are as follows: Jobs Job T Indirect labor Total $ 61,000 50,500 144,000 $255,500 Required: 1. Calculate the total manufacturing cost for Job Sand Job T for May (Round your intermediate calculations and final answers to 2 decimal places.) 2. Calculate the amount of overapplied or underapplied overhead and state whether the cost of Goods Sold account will be increased or decreased by the adjustment 1. Total manufacturing costs - Job S Total manufacturing costs - Job T 2. Cost of goods sold