Part A

Drake Company manufactures quality gentlemen's clothing. The following selected financial information for the fiscal year 2018 is provided:

Item	Amount
Sales	$100,000
Cost of Goods Manufactured	75,000
Direct Material Purchased	30,000
Factory Overhead	10,000
Work in Process - January 1	30,000
Work in Process - December 31	15,000
Direct Material - December 31	10,000
Finished Goods Inventory - December 31	60,000
Net Income	15,000
Direct Materials used	30,000
Cost of Goods Sold	55,000

Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018: (Round dollar values & enter as whole dollars only.)

Part B

During March 2018, Kendrick Corporation recorded $17,000 of costs related to factory overhead. Kendrick's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $18,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 10,200 hours were actually worked. Use this information to determine (round & enter any final dollar answers to the nearest whole dollar):

1. the amount of factory overhead that was applied in March

2. the amount of factory overhead that was over or under applies

3. was the factory overhead was over applied or under applied