2.4 - Managerial Accounting (3rd Edition) ISBN 978-0-07-782648-2: Chapter 2

Question - Reference attached photo

The following information was obtained from the records of Appleton Corporation during 2016. 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. Use the preceding information to find the missing values in the following table