Assume (1) estimated fixed manufacturing overhead for the coming period of $204,000, 2) estimated variable manufacturing overhead of $2.00 per direct labor hour, (3) actual manufacturing overhead for the period of $320,000, (4) actual direct labor-hours worked of 54,000 hours, and (5) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to: Multiple Choice $325,926 $308,340 $319,764 $314,000 The cost of goods manufactured is calculated using which of the following equations? Multiple Choice Beginning work in process inventory + Total manufacturing costs added to production + Ending work in process inventory Beginning work in process Inventory + Total manufacturing costs added to production - Ending work in process inventory Beginning work in process inventory - Total manufacturing costs added to production + Ending work in process inventory Beginning work in process inventory - Total manufacturing costs added to production - Ending work in process inventory N&>