Required: Oscar Corporation applies manufacturing overhead to production at 145% of direct labor cost. During the year ended 20xx, manufacturing overhead of $173,855 was applied to production; actual manufacturing overhead was $200,600. Beginning Work in Process Inventory was $18,800, and ending Work in Process Inventory was $22,000. Beginning Finished Goods Inventory was $41,000, and ending Finished Goods Inventory was $37,200. Sales for the year were $581,000, yielding a $115,100 gross profit. Complete the following schedule: (Hint First determine adjusted cost of goods sold from the income statement data and work backward.) Direct Materials Used in Production Direct Labor Manufacturing Overhead Applied Total 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 Underapplied overhead adjustment Adjusted cost of goods sold Amount