Highview Corp applies manufacturing overhead to production at 105% of direct labor cost. During the year ended 20x8, manufacturing overhead of $82,845 was applied to production; actual manufacturing overhead was $110,600. Beginning Work in Process Inventory was $13,400 and beginning Finished Goods Inventory was $35,000. Work in Process Inventory increased by 15% during the year and Finished Goods Inventory decreased by 10% during the year. Sales for the year ended 20xx were $451,800, yielding a $128,600 gross profit Complete the following schedule: