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Required: Superior Corporation applies manufacturing overtiead to production at 75% of direct labor cost. During the year ended 20xx. manufacturing overhead of $148,800 was opplied
Required: Superior Corporation applies manufacturing overtiead to production at 75% of direct labor cost. During the year ended 20xx. manufacturing overhead of $148,800 was opplied to production, actual manufacturing overthead was $156,300. Ending Work in Process Inventory was $20,815, and ending Finished Goods Inventory was $32,670 Work in Process Inventory increased by 15% during the year and Finished Goods Inventory increased by 10% during the year. Unadisted Cost of Goods Sold was 5573,300 . Complete the following schedule: (Hint Begin with unodjusted cost of goods sold and work forward and then backward)
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