Note: Make sure your answer is in proper format. Include commas (,) and $ signs. During March, the records of Southern Maine Company indicated the following: Beginning Ending Balance Balance Direct Materials Inventory $18,000 $28,000 Work-in-Process $25,000 ? Finished goods $26,000 $12,000 Cost of Goods Sold $186,000 The budgeted overhead for the year was $480,000 The budgeted total direct labor hours (use DLH to label direct labor hours in your answers) for the year were 32,000. Southern Maine applies overhead based on direct labor hours, The actual direct labor hours for the month were 2,500. The direct labor rate is $20 per hour. Direct Materials purchases during the month were $94,000. Job 202 was the only unfinished job at the end of the month. The following information is from the Job 202 job sheet: Direct materials Direct labor $8,000 500 hours 1. What is the Company's applied overhead rate? type your answer... 2. What is the amount of applied overhead for the month of March? type your answer 3. What is the cost of direct materials transferred to work-in-process during the month of March? type your answer. 4. What is the ending balance in the Work-in-Process Account? type your answer.. 5. What is the cost of goods manufactured for the month of March? type your answer..