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Daoming Si Company applies manufacturing overhead to production at 60% of direct labor cost. During the year ended 2020, manufacturing overhead of $119,400 was applied
Daoming Si Company applies manufacturing overhead to production at 60% of direct labor cost. During the year ended 2020, manufacturing overhead of $119,400 was applied to production; actual manufacturing overhead was $156,700. Ending Work in Process Inventory was $20,790 and ending Finished Goods inventory was $35,040. Work in Process Inventory increased by 10% during the year and finished Goods Inventory increased by 20% during the year. Unacijusted Cost of Goods Sold was $573,900. Complete the following schedule Amount 0 Direct Materials used in Production Direct Labor Manufacturing Overhead Applied Current Manufacturing Costs Beginning Work in Process Inventory Ending Work in Process Inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold
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