Weekly Company gathered the following information for the year ended December 31: Direct labor cost incurred for the year Estimated manufacturing overhead costs Estimated direct labor cost Work in process inventory, Dec, 31 Finished goods inventory, Dec. 31 Cost of goods sold Estimated direct labor hours $180,200 $273,900 $211,100 $51,000 $55,300 $142,000 261,000 Peterson Company uses a job costing system. What would the predetermined manufacturing overhead rate for the year be using direct labor hours as the allocation base? A) $1.17 per direct labor hour B) $1.05 per direct labor hour $1.30 per direct labor hour D) $0.85 per direct labor hour Guys and Dolls Corporation uses job costing. The following selected financial data from the company is for the most recent year. Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Amount of underallocated manufacturing overhead Cost of goods sold for year Cost of direct materials requisitioned during year Cost of raw materials purchased during year Cost of indirect materials requisitioned during year Cost of goods completed during year Manufacturing overhead allocated MOH% of direct labor cost $54,500 $57,300 $15,500 $3,200 $75, 100 $35,400 $49,000 $5,800 $125,000 $78,000 125% Compute: a) Beginning raw materials inventory b) Beginning work in process inventory c) Beginning finished goods inventory d) Actual manufacturing overhead costs incurred during the year