2.

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,080 hours and the total estimated manufacturing overhead was $565,248. At the end of the year, actual direct labor-hours for the year were 22,050 hours and the actual manufacturing overhead for the year was $565,248. Overhead at the end of the year was: Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Cost of Work In Finished Goods Goods Sold Total Process $ 4,240 $14,740 $ 41,780 $ 60,760 Direct materials Direct labor 10,240 29,480 83,880 123,600 Manufacturing overhead applied 5,860 11,560 35,060 52,480 $20,340 $55,780 $160,720 $236,840 Total Manufacturing overhead for the month was overapplied by $3,700. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: Round intermediate percentage computations to the nearest whole percent.)