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Saved Chapters 1.2 & 4 Daoming Si Company applies manufacturing overhead to production at 140% of direct labor cost. During the year ended 2020, manufacturing

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Saved Chapters 1.2 & 4 Daoming Si Company applies manufacturing overhead to production at 140% of direct labor cost. During the year ended 2020, manufacturing overhead of $166,880 was applied to production, actual manufacturing overhead was $199,600 Beginning Work in Process Inventory was $19,600 and ending Work in Process Inventory was $22.800 Beginning Finished Goods Inventory was $41600, ending Finished Goods Inventory was $37,600. Sales for the year ended 2020 were $582,000 yielding a $115,300 gross profit Complete the following schedule Aunt Item Direct Materials used in Production Direct Labor Manufacturing Overhead Applied Current Manufacturing Conts 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

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