4 1.66 points Mc Graw PAZ-6 (Algo) Finding Unknowns in the Cost of Goods Manufactured Report and Analyzing- Manufacturing Overhead [LO 2-3, 2-4, 2-5, 2-6] The following information was obtained from the records of Appleton Corporation during the current year: Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. Beginning value of inventory follows: M Beginning Work in Process Inventory, $5,000. Beginning Finished Goods Inventory, $13,000. During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. Actual manufacturing overhead costs were $92,000. Sales were $407,000 Adjusted Cost of Goods Sold was $316,000. M M Required: Use the preceding information to find the missing values in the following table: Direct Materials Used Direct Labor Item Answer is not complete. Manufacturing Overhead Applied Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Over/Underapplied overhead Adjusted Cost of Goods Sold Amount 88,000 88,000 5,000 13,000 S 316,000 2 Prev 4 of www Next N

HA$5,000 - Beginning Finshed Goods inventory, $13,000. - Ourng the period, Work in Process Inventory decreased by 20 percent, and Finished Goods inventory increased by 25 percent. - Actual manufacturing overhead costs were $92,000 - Sales were $407000 - Adjusted Cost of Coods $ old was $376,000 Required: Use the preceding information to find the missing values in the following table