The following information is available for ABC Company at the end of last year: Finished Goods Work in Process Direct Materials Start of Year End of Year 25,000 160,000 15,000 During the year the following information was recorded: $75,000 Raw Materials Bought $10,000 Indirect Materials $125,000 Total Wages $80,000 Direct Labour $20,000 Indirect Labour 26,000 153,000 14,500 Balance was Sales and Administration $160,000 Other Manufacturing Overhead $180,000 Manufacturing Overhead Applied 4 Instructions A. Prepare a cost of goods manufactured schedule for last year. B. Calculate the over- or under-applied manufacturing overhead for the year.