39 Direct materials: 40 Raw materials inventory, beginning 41 Add: Purchases of raw materials 42 Total raw materials available 43 Deduct: Raw materials inventory, ending 44. Raw materials used in production 45 Direct labor 46 Applied manufacturing overhead 47 Total manufacturing costs 48 Add: Beginning work in process inventory 49 Total cost of work in process 50 Deduct: Ending work in process inventory 51 Cost of goods manufactured \begin{tabular}{|l|l|} \hline 25 & \\ \hline 26 & 1. Overhead: \\ \hline 27 & Actual overhead cost \\ \hline 28 & Predetermined overhead rate \\ \hline 29 & Actual direct labor hours \\ \hline 30 & Total overhead applied \\ \hline 31 & (Over) or under applied overhead \\ \hline 32 & \\ \hline \end{tabular} 57 Stanford Enterprises 58 Schedule of Cost of Goods Sold 59 Finished goods inventory, beginning 60 Add: Cost of goods manufactured 61 Cost of goods available for sale 62 Deduct: Finished goods inventory, ending 63 Unadjusted cost of goods sold 64 Underapplied (overapplied) overhead 65 Adjusted cost of goods sold \begin{tabular}{|c|c|c|c|} \hline 2 & \multicolumn{2}{|c|}{ Stanford Enterprises uses job-order costing. } & \\ \hline 3 & \multicolumn{2}{|c|}{ Overhead is applied on the basis of direct labor hours. } & \\ \hline 4 & & & \\ \hline 5 & \multicolumn{2}{|c|}{ The following information relates to the year just ended. } & \\ \hline 6 & \multicolumn{2}{|l|}{ Data: } & \\ \hline 7 & Estimated total overhead costs & $275,000 & \\ \hline 8 & Estimated total direct labor hours & 25,000 & \\ \hline 9 & Actual total direct labor hours & 27,760 & \\ \hline \multicolumn{4}{|l|}{10} \\ \hline 11. & Actual costs for the year: & & \\ \hline 12 & Purchase of raw (direct) materials & $375,000 & \\ \hline 13 & Direct labor cost & $536,300 & \\ \hline 14 & Manufacturing overhead & $302,750 & \\ \hline \multicolumn{4}{|l|}{15} \\ \hline 16 & Inventories: & Beginning & Ending \\ \hline 17 & Raw (Direct) Materials & $15,000 & $11,375 \\ \hline 18 & Work in Process & 27,875 & 22,350 \\ \hline 19 & Finished Goods & 34,600 & 26,450 \\ \hline \multirow[t]{2}{*}{ hn } & 1 & & \\ \hline & Graded Worksheet & & \\ \hline \end{tabular}