Cost Flows. The Paddle Shop, Inc. keeps accounting and cost records on a per- sonal computer. During the month of January, data were lost as a result of errors made by a new operator. Fortunately, some data were retrieved and are set forth as follows:

(a) The debit balance in the Payroll account was $130,000. This balance included $20,000 in indirect labor that was charged to the Factory Overhead account.

(b) The debit balance in the Factory Overhead account totaled $166,000. This balance included the indirect labor amount in (a).

(c) Factory overhead is applied to the products at 150 percent of direct labor cost.

(d) The Work in Process account showed a January 1 balance of $91,000. Materials requisitioned and charged to Work in Process during the period amounted to $98,000. The balance in Work in Process on January 31 was $82,000.

(e) The Finished Goods balance at January 1 was $48,000.

(f) Cost of Goods Sold had a debit balance of $389,000. This amount did not include underapplied or overapplied factory overhead.

Required: 

1. From the information given, determine the direct labor and the factory over- head applied to production in January.

2. What was the cost of work completed and transferred to the finished goods inventory for the month?

3. Determine the finished goods inventory cost on January 31.

4. Determine the underapplied or overapplied factory overhead in January.