EmilyAnne Company has the following information:

Direct Labor $ 80,000

Beginning Finished goods inventory $ 10,000

Ending Finished goods inventory $ 40,000

Manufacturing Overhead Applied $ 90,000

Raw [direct] Materials Used in Production $ 50,000

Beginning Work in Process Inventory $ 30,000

Ending Work in Process inventory $ 72,000

OVERapplied Manufacturing Overhead $ 8,000

Required

IN GOOD FORM, complete the partial Inventory Schedules and Cost of Goods Sold statement shown below. Place the above items in the proper places on the statement.

EmilyAnne Company

Inventory Schedules and Cost of Goods Sold

Beginning Work-In-Process Inventory $30,000

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Cost of Goods Manufactured

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Unadjusted Cost of Goods Sold

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Cost of Goods Sold