Provide the table below answer the questions. Budgeted manufacturing overhead cost $200,000 Budgeted direct manufacturing labor cost

Provide the table below answer the questions.

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Budgeted manufacturing overhead cost $200,000 Budgeted direct manufacturing labor cost $400,000 Actual manufacturing overhead cost $260,000 Actual direct manufacturing labor cost $500,000 Inventory balances on December 31, 20X7, were as follows: Account Ending balance Work in process $50,700 Finished goods $245,050 Cost of goods sold $549,250 Required: Calculate the ending balances in work in process, finished goods, and cost of goods sold if under or overallocated manufacturing overhead is prorated based on ending balances (before proration) in each of the three accounts. Budgeted manufacturing overhead cost $200,000 Budgeted direct manufacturing labor cost $400,000 Actual manufacturing overhead cost $260,000 Actual direct manufacturing labor cost $500,000 Inventory balances on December 31, 20X7, were as follows: Account Ending balance Work in process $50,700 Finished goods $245,050 Cost of goods sold $549,250 Required: Calculate the ending balances in work in process, finished goods, and cost of goods sold if under or overallocated manufacturing overhead is prorated based on ending balances (before proration) in each of the three accounts.