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The following information was obtained from the records of Appleton Corporation during 2016. Manufacturing Overhead was applied at a rate of 100 percent of direct
The following information was obtained from the records of Appleton Corporation during 2016. 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, $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 $86,000. Sales were $416,000 Adjusted Cost of Goods Sold was $320,000. Required: Use the preceding information to find the missing values in the following table
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