The following information was obtained from the records of Appleton Corporation during 2013. Manufacturing Overhead was

The following information was obtained from the records of Appleton Corporation during 2013.

• Manufacturing Overhead was applied at a rate of 125 percent of direct labor dollars.

• Beginning value of inventory follows:

• Beginning Work in Process Inventory, $12,000.

• Beginning Finished Goods Inventory, $25,000.

• During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent.

• Actual manufacturing overhead costs were $135,000.

• Sales were $450,000.

• Adjusted Cost of Goods Sold was $325,000.

Required:

Use the preceding information to find the missing values in the followingtable:

Transcribed Image Text:

Item Amount Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs 125,000 Plus: Beginning work in process inventory Less: Ending work in process inventory 12,000 Cost of goods manufactured Plus: Beginning finished goods inventory Less: Ending finished goods inventory 25,000 Unadjusted cost of goods sold Overhead adjustment Adjusted cost of goods sold 325,000