Vermont Company uses continuous processing to produce stuffed bears and FIFO process costing to account for its production costs. It uses FIFO because costs are quite unstable due to the volatile price of tine materials it uses in production The bears are processed through one department Overhead is applied on the basis of direct labor costs, and the application rate has not changed over the period covered by the problem The Work in Process Inventory account showed the following balances at the start of the current period, Direct materials Direct labor Overhead applied $131,000 200,000 325,000 These costs were related to 52,000 units that were in process at the start of the period. During the period. 60.000 units were transferred to finished goods inventory of the units finished during this period, 80 percent were sold Alter units have been transferred to finished goods inventary, na distinction is made between the costs to complete beginning work-in-process inventory and the costs of goods started and completed in work in process this period. The equivalent units for materials this period were 50,000 (using FFO). Of these, 10,000 were equivalent units with respect to materials in the ending work in process inventory. Materials costs incurred during the period totaled $300,400 Conversion costs of $1,287.000 were charged this period for 62.500 equivalent units (using FIFO) The ending inventory consisted of 22.000 equivalent units of conversion costs. The actual manufacturing overhead for the period was $660.000 Required: 7 Return to question Prepare Taccounts to show the flow of costs in the system. Any difference between actual and applied overhead for the period should be debited or credited to Cost of Goods Sold. (Do not found intermediate calculations. Round your answers to nearest whole dollar) 3 Answer is not complete. Work in Process 716.000 1.790.296 Beg bal Bag bal Current work Materiale Conversion Transferred out inished Goods 0 1.432237 0 300 400 1207.000 From current work End, bal 0 1432237 Endal 513.104 Bea hal Cost of Goods Sold 00 55.000 Overapplied overhead