The following information was obtained from the records of Appleton Corporation during 2018. Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. Beginning value of inventory follows: Beginning Work in Process Inventory, $8,000. Beginning Finished Goods Inventory, $18,000. . During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. Actual manufacturing overhead costs were $92,000. Sales were $410,000 Adjusted Cost of Goods Sold was $312,000. Amount Item Direct Materials Used Direct Labor Manufacturing Overhead Applied 88,000 Total Current Manufacturing Costs 8,000 18,000 Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold $ 312,000