QUESTION 1 10 points Saved Palito Consulting Services provides custom made hardware and software solutions to clients. They use job-order costing to account for the consultation services with consultant's direct labor- hours as allocation base. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated consultants direct labor-hours at the beginning of the year Beginning inventories: Raw materials Work in process Finished goods Ending Work in Process $15 $840 60 direct labor-hours $38 S16 $39