For question 1, please help me understand why my overapplied overhead is wrong. Please help me solve question 2 as well! Thank you!

Required information [The following information applies to the questions displayed below.) The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/x1 Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 Indirect material used Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 Purchases of raw material in 20x1 Utilities for factory Utilities for sales and administrative offices Other selling and administrative expenses Indirect-labor cost incurred Depreciation on factory building Depreciation on cars used by sales personnel Direct-labor cost incurred Raw-material inventory, 12/31/x1 Accounts receivable, 12/31/xl Rental for warehouse space to store raw material Rental of space for company president's office Applied manufacturing overhead Sales revenue Income tax expense $ 8,000 13,700 3,600 8,300 14,000 8,000 4,600 2,100 10,200 2,400 15,400 39,000 6,000 2,300 3,800 29,000 3,600 1,200 79,000 11,000 4,100 3,100 1,700 58,000 205,800 5,100 Required: 1. Prepare Twisto Pretzel Company's schedule of cost of goods manufactured for 20x1. Answer is not complete. TWISTO PRETZEL COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20X1 Direct material: Raw-material inventory, 12/31/x0 $ Add: Purchases of raw material ~ 10,200 39,000 49,200 11,000 $ Raw material available for use Less: Raw-material inventory, 12/31/x1 Raw material used $ 38,200 Direct labor Manufacturing overhead: Insurance $ Indirect material 3,600 4,600 2,100 2,400 Depreciation on factory equipment Property taxes Utilities 6,000 Indirect labor 29,000 Depreciation on factory building 3,600 Rental of warehouse space 3,100 Total actual manufacturing overhead $ 54,400 Add: Overapplied overhead 3,100 x Overhead applied to work in process 57,500 95,700 Total manufacturing costs Add: Work-in-process inventory, 12/31/xo 8,000 Subtotal 103,700 8,300 Less: Work-in-process inventory, 12/31/x1 Cost of goods manufactured $ 95,400 2. Prepare the company's schedule of cost of goods sold for 20x1. The company closes overapplied or underapplied overhead into Cost of Goods Sold. TWISTO PRETZEL COMPANY Schedule of Cost of Goods Sold For the Year Ended December 31, 20X1 Finished-goods inventory, 12/31/x0 Cost of goods available for sale Cost of goods sold Adjusted cost of goods sold