7 Using the following accounts and an overhead rate of 70% of direct labor cost, determine the amount of applied overhead Work in Process Inventory 20,000 60,000 ? Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 00:48:56 41,040 Finished Goods Inventory 5,700 186,860 Beginning FG Ending FG Multiple Choice $60,900 $147,900 $38.960 $87,000 27 Direct Labor Applied Overhead To Finished Goods Ending WIP 41,040 Finished Goods Inventory 5,700 186,860 Beginning FG points Ending FG 8 00:48:41 Multiple Choice 0 $60,900 $147,900 $38,960 $87,000 $47,059