Y Company reported the following actual cost data for the year: $200,000 320,000 100,000 Purchase of raw materials (all direct) Direct labour (average hourly rate of $20) Manufacturing overhead costs (actual) Inventories: Ending raw materials (all direct) Beginning raw materials (all direct) Ending work in process Beginning work in process Ending finished goods Beginning finished goods $95,000 75,000 21,000 5,000 57,000 25,000 Y Company used a predetermined overhead rate based on direct labour hours. Estimated annual manufacturing overhead cost and direct labour hours were $150,000 and 20,000, respectively. Required: a. What was the pre-determined manufacturing overhead rate? b. Calculate the cost of goods manufactured. c. What was the cost of goods sold before adjusting for any under or overapplied overhead? d. By how much was manufacturing overhead cost under or overapplied? e. Prepare a summary journal entry to close any under or overapplied manufacturing overhead cost