Quinto Inc., which operates a normal costing system, provides the following data for its most recent year of operations.

• Opening WIP (which had just one job) was valued at $2,100 for materials and $4,000 for labor.

• Costs added to WIP included $45,000 for materials and $70,000 for labor.

• The cost of goods manufactured was $195,000.

• Opening FG inventory was valued at $12,500.

• Ending FG inventory was valued at $14,420.

• Actual overhead was $97,500

• Manufacturing overhead is applied at 125% of labor cost. Any under / over applied overhead is prorated to the relevant accounts.

Determine the following. (Round computations to four decimal places).

Value of opening WIP (before proration)		Amount of under / over applied overhead
Value of ending WIP (before proration)		Overhead is under / over applied (circle your choice)	Under applied / Over applied
Unadjusted COGS (before proration)		Adjusted COGS (after proration)