1. predetermined overhead rate for the year (%)

2. amount of underapplied or overapplied overhead for the year

3. (below)

4. unadjusted cost of goods sold

5. (below)

Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in $800,000 of manufacturing overhead for an estimated allocation base of $500,000 direct material dollars to be in The company has provided the following data for the just completed year: Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $70,000 ending balance in Work in Process includes $24,000 of direct materials. Given this assumption, supply the information missing below: Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in prod materials. Assume that the $70,000 ending balance in Work in Process includes $24,000 of direct materials. Given this assumption, supply the information missing below