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, $17,000. During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. Actual manufacturing overhead costs were $86,000. Sales were $418,000 Adjusted Cost of Goods Sold was $310,000.