Required: Superior Corporation applies manufacturing overhead to production at 70% of direct labor cost. During the year ended 20x, manufacturing overhead of $139,160 was applied to production; actual manufacturing overhead was $156,500. Ending Work in Process Inventory was $23,000, and ending Finished Goods Inventory was $32,450. Work in Process Inventory increased by 15% during the year and Finished Goods Inventory increased by 10% during the year. Unadjusted Cost of Goods Sold was $574,200. Complete the following schedule: (Hint. Begin with unadjusted cost of goods sold and work forward and then backward.)