Budweiser Corporation has Work in Process inventory account with a beginning

balance of was $$50,000$ and $$10,000$ at the end of the month.

Budweiser also reports that total direct materials cost of $$55,000$ of Job $1$

And total direct labor cost of Job $1$ was $$28,000.$

Using a predetermined overhead rate Budweiser applied $$60,000$ of

manufacturing overhead cost to Work in Process.

What is the cost of goods Manufactured?

Actual overhead was $68,000$ What is the amount of overhead that is

overapplied or underapplied?

What is the entry to transfer goods from work in process to finished goods?

When reviewing the accounts it was determined that an error was made in

the raw materials account. Raw Materials began with $$20,000$ purchases of

Raw Materials were $$50,000$ and Ending Raw Materials were $$15,000.$

However, $$5,000$ of the materials used were indirect.

Would the Cost of Goods Manufactured change?