Pikachu Company had the following information for the prior year: Beginning Ending Inventory Inventory (January (December 31) $ ?? $ 54,000 $ ?? $ 49,000 1) Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used $295,000 Direct labor $245,000 Manufacturing overhead applied $255,000 Cost of goods manufactured $620,000 Unadjusted cost of goods sold $639,000 What amount should be in the beginning Finished Goods Inventory balance on January 12 Daoming Sl Company applies manufacturing overhead to production at 85% of direct labor cost. During the year ended 2020, manufacturing overhead of $ 214,115 was applied to production; actual manufacturing overhead was $187,900. Beginning Work in Process Inventory was $24,900, and beginning Finished Goods Inventory was $44,800. Work in Process Inventory decreased by 15% during the year and Finished Goods Inventory decreased by 10% during the year. Adjusted Cost of Goods Sold was $621,900 for the year ended 2020 Complete the following schedule: Amount Item Direct Materials used in Production Direct Labor Manufacturing Overhead Applied Current Manufacturing Costs Beginning Work in Process Inventory Ending Work in Process inventory Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold