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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

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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 labor dollars. . Beginning value of inventory follows: Beginning Work in Process Inventory. $6,000. . Beginning Finished Goods Inventory. $16,000. During the period. Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. Actual manufacturing overhead costs were $90,000. Sales were $408,000 Adjusted Cost of Goods Sold was $308,000. Required: Use the preceding information to find the missing values in the following table: Item Amount Direct Materials Used Direct Labor Manufacturing Overhead Applied 86,000 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory 6,000 Less: Ending Work in Process Inventory Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory 16,000 Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold S 808,000

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