Question: Hi please hell me with the missing information Gitano Products uses job-order costing and applies overhead cost tojobs based on direct materials used in production

Gitano Products uses job-order costing and applies overhead cost tojobs based on direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate is based on a cost formula that estimated $800,000 of manufacturing overhead for an estimated allocation base of $500,000 direct material dollars to be used in production. The company provided the following data foi the just completed year: S 9,e Purchase of raw materials Direct tabor cost Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment $ 510, $ 9, $ 170, $ 48,o $ 260, $ 95, s 180,ee Maintenance Insurance Rent, building Raw Materials Work in Process Finished Goods Required: Oeginning J Ending s 80,ee s 20,eo S 70,e S ts,ee s aee,ee $ 260,ee 1. Compute the predetermined overhead rate. 2.Compute the amount of underapplied or overapplied overhead. 3. Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer. 5. Assume the $70,000 ending balance in Work in Process includes $24,000 of direct materials. Given this assumption, supply the information missing below: Compiete this question by entering your answers in the tabs below. Required 5 Required 4 Required 2 Required 3 Required 1 Compute te predetermined overhead rate. redetermined wemead rate 160 % C 'Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required I R.eq&ed 2 Required 3 Required 4 Required S Compute fre amount of underapplied or overapplied overhead. Required 3 < Required 1 ,auired 1 Prepare a schedule cost of goods manufactured. Assume au raw rnbteriais used as direct materials. Sctwdui Good. Add Lass Erdno puod to i msts daed to Lrri9 in Cost of s 20900 ssomo 60.000 s 4W.oco 720. Required 4 tso,ooo 1260.000 1 Ato.ooo 70/00 1 .yo.ooo Complete this question by entering your answers in the tab below Required 4 Required Required 3 Required 1 Required 2 Compute the unadjusted cost of goods sold. Do not include any nderapplied or overapplied overhead in your answer. nadjusted wstof oods sold s 1,200.000 < Required 3 Required 5 > Required 2 uusAuesuon oy entenng your answers in the tabs beioW. Required 5 Required 1 i Required 2 Required 3 Required 4 Assume the $70,000 ending balance in work in Process includes $24,000 of direct materials. Given this assumption, s the information missing below: s Direct materials Direct labor Manufacturing overhead IWork in process inventory 24.000 70.000
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