Work-in-Process Inventory for Carston Inc. at the beginning of the year was a single job, Job T114: Job 7114 Direct Materials $ 31,500 Direct Labor $ 16,25 Overhead $ 28,750 Total $ 76,500 The company's budgeted costs for the year are as follows: $ 68,000 56,000 28,000 Budgeted overhead Variable Indirect materials Indirect labor Employee benefits Fixed Supervision Depreciation Total Budgeted direct labor dollars Rate per direct labor dollar ces 13,000 15,000 $180,000 $ 90,000 200.00% The company's actual costs incurred during the year are as follows: Other $ Job T114 T119 T133 T136 Incurred by Jobs Materials Labor $ 2,800 $ 18,000 24,000 18,000 8,000 34,000 1,000 16,000 $ 35,000 $ 78,000 Total $ 12,000 42,000 42,000 17.000 $113,000 Materials 60,000 Incurred by Jobs Labor Other 50,000 Overhead Indirect materials and supplies Indirect labor Employee benefits Depreciation Supervision Total 33,000 15,000 Total 60,00 50,000 33,000 15,600 12, eee $170,000 12,000 $ 62,000 $ 60,000 $.48,000 Required: 1. What was the actual factory overhead for Carston Inc. for the year? 2. What was overapplied or underapplied overhead for the year? 3. Job T114 was the only Job completed and sold in the year . What amount was included in the Cost of Goods Sold account for this job? 4. What was the amount of Work-in-Process Inventory at the end of the year? 1. Total actual overhead 2 3. Cost of goods sold for job T114 4. Work in process inventory