Problem 1. (4 points) A company reports the following for the current year: Finished Goods Inventory, beginning of year Finished Goods Inventory, ending of year Cost of Goods Sold $12,000 $6,400 $15,000 The Cost of Goods Manufactured is a. $7,500 b. $18,400 c. $9,400 d. $9,200 e. $8,600 Problem 2. (4 points) A company's predetermined overhead rate is 150% of its direct labor costs. How much overhead is applied to a job that requires total direct labor costs of $50,000? a. $25,000 b. $35,000 c. $45,000 d. $75,000 e. $7,500 Problem 3. (6 points) A company uses direct labor costs to apply overhead, its production