Page 5 of 11 Problem 4 Townley Inc. has provided the following data for the month of February. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct Materials Direct Labor MOH Applied Total WIP $7,570 $8,810 $8,320 $24,700 FG $19,200 $24,000 $15,600 $58,800 CGS $35,280 $44,100 $28,080 $107,460 Manufacturing overhead for the month was overapplied by $3,000. The company allocates any underapplied or overapplied overhead among Work-in-process, Finished Goods, and Cost of Goods Sold at the end of the month on the basis of the overhead applied during the month in those accounts. Required: This question refers to Problem 4. What is the adjusted overhead rate Townley should use to assign the overapplied overhead to accounts? (Round your answer to the nearest $0.001). This question refers to Problem 4. What is the amount of the overhead adjustment to WIP? (Round your answer to the nearest $1.00) This question refers to Problem 4. What is the amount of the overhead adjustment to FG? (Round your answer to the nearest $1.00) This question refers to Problem 4. What is the amount of the overhead adjustment to CGS? (Round your answer to the nearest $1.00) This question refers to Problem 4. What is the adjusted final balance for WIP? (Round your answer to the nearest $1.00) This question refers to Problem 4. What is the adjusted final balance for FG? (Round your answer to the nearest $1.00) This question refers to Problem 4. What is the adjusted final balance for CGS? (Round your answer to the nearest $1.00)