(LO 2) Calculate the cost of goods manufactured using the following information: Direct materials Direct labor Factory overhead costs General and administrative expenses Selling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished go inventory, January 1 Finished goods inventory, December 31 $299,100 132,600 264,600 86,100 49,400 119,100 126,500 232,700 239,300 Multiple Choice $696,300. $775,000. $703,700. $682,300. $688,900. (LO 2) A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory Beginning WIP 63,000 Direct Materials ? Direct Labor ? Applied Overhead ? To Finished Goods Ending WIP 73,000 ? 153,000 Beginning FG Factory Overhead 151,000 Finished Goods Inventory 53,000 278,000 48,000 283,000 Ending FG Multiple Choice $149,500. $58,500. $283,000. $278,000. $293,000. (LO 2) Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $320,000, and direct labor costs to be $160,000. Actual overhead costs for the year totaled $349,000, and actual direct labor costs totaled $181,000. At year-end, Factory Overhead account is: Multiple Choice Overapplied by $13,000. Overapplied by $181,000. Underapplied by $13,000. O Overapplied by $21,000. Neither overapplied nor underapplied