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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
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, $7,000.
- Beginning Finished Goods Inventory, $19,000.
- During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent.
- Actual manufacturing overhead costs were $88,000.
- Sales were $416,000
- Adjusted Cost of Goods Sold was $318,000.
Required:
Use the preceding information to find the missing values in the following table:
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