Superior Corporation applies manufacturing overhead to production at 75% of direct labor cost. During the year ended 20xx, manufacturing overhead of $150,000 was applied to production; actual manufacturing overhead was $156,000. Ending Work in Process Inventory was $22,000, and ending Finished Goods Inventory was $36,000. Work in Process Inventory increased by 10% during the year, and Finished Goods Inventory increased by 20% during the year. Unadjusted Cost of Goods Sold was $575,000. Required: Complete the following schedule: Item Direct materials used in production Direct labor Manufacturing overhead applied Total current manufacturing costs + Beginning work in process inventory - Ending work in process inventory Cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory Unadjusted cost of goods sold Under(over)applied overhead adjustment Adjusted cost of goods sold Amount ($)