Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year:

	Beginning Balance	Ending Balance
Raw materials	$	11,300		$	15,800
Work in process	$	32,800		$	14,500
Finished goods	$	108,000		$	124,000

The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 17,800 machine-hours and incur $284,800 in manufacturing overhead cost. The following transactions were recorded for the year:

	Raw materials were purchased, $411,000.
	Raw materials were requisitioned for use in production, $406,500 ($383,000 direct and $23,500 indirect).
	The following employee costs were incurred: direct labor, $340,000; indirect labor, $78,000; and administrative salaries, $157,000.
	Selling costs, $113,000.
	Factory utility costs, $23,000.
	Depreciation for the year was $121,000 of which $111,000 is related to factory operations and $10,000 is related to selling, general, and administrative activities.
	Manufacturing overhead was applied to jobs. The actual level of activity for the year was 14,300 machine-hours.
	Sales for the year totaled $1,283,000.

Required:
a.	Prepare a schedule of cost of goods manufactured in good form.(Do not round predetermined overhead rate. Input all amounts as positive values. Omit the "$" sign in your response.)

Schedule of Cost of Goods Manufactured
Direct materials:
(Click to select)Beginning finished goods inventoryEnding work in process inventoryBeginning raw materials inventoryBeginning work in process inventoryEnding raw materials inventory	$
(Click to select)DeductAdd:(Click to select)Ending work in process inventoryFinished goods inventory, beginningPurchases of raw materialsBeginning work in process inventoryRaw materials inventory, ending
Total raw materials available
(Click to select)AddDeduct:(Click to select)Purchases of raw materialsBeginning raw materials inventoryEnding raw materials inventoryEnding work in process inventoryBeginning work in process inventory
Raw materials used in production
(Click to select)DeductAdd:(Click to select)Direct laborIndirect materials included in manufacturing overheadDirect materialsRaw materials inventory, beginningIndirect labor
(Click to select)Raw materials inventory, endingPurchases of raw materialsDirect laborEnding work in process inventoryRaw materials inventory, beginning
(Click to select)Purchases of raw materialsManufacturing overhead cost applied to work in processRaw materials inventory, endingRaw materials inventory, beginningDirect labor
Total manufacturing cost
(Click to select)AddDeduct:(Click to select)Purchases of raw materialsRaw materials inventory, endingEnding work in process inventoryBeginning work in process inventoryRaw materials inventory, beginning
(Click to select)DeductAdd:(Click to select)Raw materials inventory, beginningRaw materials inventory, endingEnding work in process inventoryPurchases of raw materialsBeginning work in process inventory
Cost of goods manufactured		$

b.	Was the overhead underapplied or overapplied? By how much?(Do not round predetermined overhead rate. Input the amount as a positive value. Omit the "$" sign in your response.)

Manufacturing overhead(Click to select)underappliedoverapplied

$

c.	Prepare an income statement for the year. The company closes any underapplied or overapplied overhead to Cost of Goods Sold.(Input all amounts as positive values. Omit the "$" sign in your response.)

Income Statement
(Click to select)Cost of goods sold (adjusted)DepreciationSelling costsSalesDirect materialsAdministrative salaries		$
(Click to select)Cost of goods sold (adjusted)Administrative salariesSelling costsDepreciationSales
(Click to select)Gross marginGross loss
Selling and administrative expenses:
(Click to select)DepreciationDirect materialsSelling costsInsurance expenseAdministrative salariesRent expense	$
(Click to select)Administrative salariesDepreciationSelling costsDirect materialsRent expenseInsurance expense
(Click to select)Insurance expenseAdministrative salariesSelling costsRent expenseDirect materialsDepreciation
(Click to select)Net operating lossNet operating income		$