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Superior Corp, applies manufacturing overhead to production at 55% of direct labor cost. During the year ended 20x, manufacturing overhead of $109,175 was applied to

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Superior Corp, applies manufacturing overhead to production at 55% of direct labor cost. During the year ended 20x, manufacturing overhead of $109,175 was applied to production actual manufacturing overhead was $156,300. Ending Work in Process Inventory was $20.460 and ending Finished Goods Inventory was $32780. Work in Process Inventory increased by 109 during the year and Finished Goods Inventory Increased by 10% during the year. Unadjusted Cost of Goods Sold was $574,900 Complete the following schedule: Amount 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

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