The Row - On-Watershed Company (ROW) produces a ine of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following dato are for 2020 : (Cick the icon to view the dota) Imvertory balances on December 31, 2020 were as follows: \#\# (Click the icon to view the account balances) Read the inguirements. Requirement 1. Caleutate the manufacturing overhead allocation rate. Identify the formula and calculate the manufacturing overhead allocation rate. (Enter the resul as a whole number.) Requirement 2. Compute the amount of under- of overallocated manufacturing overhead. identify the formula and calculate the under- or manufacturing overailocated ovechead. (Use parenthetes or a minus sign to report overtead overallocated.) Requirement 3. Calculate the ending balances in work in process. finished goods and cost of goods sold if under- or overaliocated manufacturing cverhead is as follows; (a) writen goods sold, (b) prorated based on ending balances (before proration) in each of the three accounts, (c) prorated based on the overhead allocated in 2020 in the ending balances (be each of the three accounts. (a.) Calculate the ending balances in work in process, finished goods and cost of goods sold if under- or averaliocated manutacturing overhead is written of to cost of goods sold. Data table Data table The Row - On - Watershed Company (ROW) produces a line of non-motorized boats. ROW uses a normaL-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for 2020 : (Click the icon to view the data.) Inventory balances on December 31,2020 were as follows: (Click the icon to view the acoount balances) Read the requirements. Requirements 1. Calculate the manufacturing overhead allocation rate. 2. Compute the amount of under- or overallocated manufacturing overhead 3. Calculate the ending balances in work in process, finished goods, and cost of. goods sold if under-or overallocated manulacturing ovorhead is as follows: a. Written of to cost of goods sold b. Prorated based on ending balances (before proration) in each of the three accounts c. Prorated based on the overhead allocated in 2020 in the ending balances (before proration) in each of the three accounts 4. Which method would you choose? Justify your answer. (c) Begin by idontifying the formula and calculating the adjustment to Work-in-Porcess, Finished Goods, and Cost of Goods Sold assuming under- or overallocated manufac prorated based on the the actual direct labor dollars given in the question. (Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtract (c) Proportion (decimal) * (Over-) Underallocated Ovemead Adjustment WP x 19 FG CGS The Row - On-Watershed Company (ROW) produces a ine of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following dato are for 2020 : (Cick the icon to view the dota) Imvertory balances on December 31, 2020 were as follows: \#\# (Click the icon to view the account balances) Read the inguirements. Requirement 1. Caleutate the manufacturing overhead allocation rate. Identify the formula and calculate the manufacturing overhead allocation rate. (Enter the resul as a whole number.) Requirement 2. Compute the amount of under- of overallocated manufacturing overhead. identify the formula and calculate the under- or manufacturing overailocated ovechead. (Use parenthetes or a minus sign to report overtead overallocated.) Requirement 3. Calculate the ending balances in work in process. finished goods and cost of goods sold if under- or overaliocated manufacturing cverhead is as follows; (a) writen goods sold, (b) prorated based on ending balances (before proration) in each of the three accounts, (c) prorated based on the overhead allocated in 2020 in the ending balances (be each of the three accounts. (a.) Calculate the ending balances in work in process, finished goods and cost of goods sold if under- or averaliocated manutacturing overhead is written of to cost of goods sold. Data table Data table The Row - On - Watershed Company (ROW) produces a line of non-motorized boats. ROW uses a normaL-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for 2020 : (Click the icon to view the data.) Inventory balances on December 31,2020 were as follows: (Click the icon to view the acoount balances) Read the requirements. Requirements 1. Calculate the manufacturing overhead allocation rate. 2. Compute the amount of under- or overallocated manufacturing overhead 3. Calculate the ending balances in work in process, finished goods, and cost of. goods sold if under-or overallocated manulacturing ovorhead is as follows: a. Written of to cost of goods sold b. Prorated based on ending balances (before proration) in each of the three accounts c. Prorated based on the overhead allocated in 2020 in the ending balances (before proration) in each of the three accounts 4. Which method would you choose? Justify your answer. (c) Begin by idontifying the formula and calculating the adjustment to Work-in-Porcess, Finished Goods, and Cost of Goods Sold assuming under- or overallocated manufac prorated based on the the actual direct labor dollars given in the question. (Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtract (c) Proportion (decimal) * (Over-) Underallocated Ovemead Adjustment WP x 19 FG CGS