The Underwood Co. uses a job order costing system and assigns overhead to jobs based on direct labour costs. The November 1 work in process inventory consisted of only one job (#102). Similarly, finished goods inventory at November 1 consisted of only one job (#100). Cost details for these jobs as at November 1 are as follows:

	Job #100	Job #102
Direct materials	$15,500	$28,000
Direct labour	12,000	16,500
Manufacturing overhead	18,000	24,750
	$45,500	$69,250

Costs incurred during the month of November consisted of the following:

		Job #102	Job #103		Total
Direct materials		$16,000	$18,000		$34,000
Direct labour		12,250	19,000		31,250

Jobs 102 and 103 were completed in November. Jobs 100 and 102 were sold.

Required

a) What is the predetermined overhead rate used to apply manufacturing overhead?

b) Calculate the cost of goods manufactured for the month of November.

c) Assume that the company's fiscal year ends on November 30. The balance in the manufacturing overhead account was $3,000 cr. at November 1. A total of $51,000 of manufacturing overhead costs were incurred during November.

i. Calculate the balance in the manufacturing overhead account at November 30.

ii. Prepare the journal entry to dispose of the balance in the manufacturing overhead account to cost of goods sold.

d) What is the balance in the Finished Goods inventory account at November 30?

e) What amount was recorded as COGS for November?