Your answer is partially correct Bramble Corp.designs and manufactures mascot uniforms for high school, college and professional sports teams. Since each team's uniform is unique in color and design, Bramble uses a job order costing system. On January 1, the T-accounts for some of Bramble's primary balance sheet accounts were as follows: Raw Materials Inventory 57.900 Work in Process Inventory 25,500 1/1 1/1 Finished Goods 37,600 Cash 38.200 1/1 1/1 Accounts Receivable 47,300 Accounts Payable 1/1 1/1 41.900 During the year, the following events occurred: 1 2 3 Bramble purchased raw materials costing 5114.000 on account Bramble used $249,300 of raw materials in production of these 80% were classified as direct materials and 20% as indirect materials. (Bramble maintains a single Raw Materials Inventory account.) Brambio used 31,000 hours of direct labor. The company's average direct labor rate was $11 per hour credit Wages Payable) The company's indirect labor cost was $168.000 (croit Wages Payablet! Other manufacturing overhead costs the company incurred on account totaled $98,400. Bramble applied $316,800 in manufacturing overhead. The company completed production of goods costing $799,400. The company's Cost of Goods Sold balance was $805,500 before adjusting for over or underapplied overhead. Sales revenue was 51.040,000 (all sales were made on account) 10. Bramble collected $803,200 from customers 11 The company poid accounts payable of $201.300, 12 At year-end all wages earned during the year had been paid 4 5 6 7 8 9. (a) Calculate under-or overappled overhead for the year, Overhead over oplied by 20540 (h) Asuming that Bramblechones under of overapplied overtad to Cost of Goods Sold calculate the cost of goods sold for the (a) Calculate under or overapplied overhead for the year. Overhead Overapplied by S 20540 (b) Assuming that Bramble closes under or overapplied overhead to Cost of Goods Sold calculate the cost of goods sold for the year Adjusted cost of goods sold 784960 (c) Assuming that Bramble prorates under or overapplied overhead to the appropriate accounts, calculatettje adjusted Work in Process inventory. Finished Goods Inventory and cost of Goods Sold balances for the year. (Round of total to 3 decimal places 1.235, allocation and final answers to decimal places, s. 52) Adjusted Balance Work In Process $ Finished Goods 5 Cost of Goods Sold