Kong Company reported the following actual costs data for the year: Purchase of raw materials (all direct) Direct labour (average hourly rate of -25) Manufacturing overhead costs Change in inventories: crease in raw materials crease in work in process rease in finished goods $200,000 400,000 ired: 100,00 $25,00 16,00 30,0 g Company used a predetermined overhead rate based on direct labour 0,000 and 20,000, respectively. at was the pre-determined manufacturing overhead rate? culate the cost of goods manufactured. t was the cost of goods sold before adjusting for any under or overa ow much was manufacturing overhead cost under or overapplied? are a summary journal entry to close any under or overapplied ma ? Why or why not? ce the under or overapplied manufacturing overhead costs calcul al manufacturing overhead costs and an amount due to incorrec