The following information is given for the T Company, Inc., for 2021. Direct materials used $26,500 Direct labor 2,500 15,450 17,700 Manufacturing overhead applied Work in process, January 1 Work in process, December 31 Manufacturing overhead incurred Unadjusted cost of goods sold 20,500 15,550 47,400 Required: In the space provided, answer the following questions. Show your work to receive partial credit. 1. Using the information above determine cost of goods manufactured for the year. 2. Using the information above determine adjusted cost of goods for the year