1. Compute applied overhead and determine the amount of underapolied nr nuaranalina a..a. 32 33 Direct materials: Schedule of Cost of Goods Manufactured 34 Raw materials inventory, beginning 35 Add: Purchases of raw materials 36 Total raw materials available 37 Deduct: Raw materials inventory, ending 38 Raw materials used in production 39 Direct labor 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 Total cost of work in process 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 45 47 3. Prepare a schedule of cost of goods sold. Schedule of cost of Goods Sold Finished goods inventory, beginning 3 Add: Cost of goods manufactured 54 Cost of goods available for sale 55. Deduct: Finished goods inventory, ending 505152535455565758596061Finishedgoodsinventory,beginningAdd:CostofgoodsmanufacturedCostofgoodsavailableforsaleDeduct:Finishedgoodsinventory,endingUnadjustedcostofgoodssoldUnderapplied(overapplied)overheadAdjustedcostofgoodssoldStanfordEnterprisesScheduleofCostofGoodsSold