Work-in-Process Inventory for Carston Inc. at the beginning of the year was a single job, Job T114: Job # Direct Materials Direct Labor Overhead Total $ 37,000 $ 19,000 $ 31,500 $ 87,500 T114 The company's budgeted costs for the year are as follows: $ 73,500 61,500 30,750 Budgeted overhead Variable Indirect materials Indirect labor Employee benefits Fixed Supervision Depreciation Total Budgeted direct labor dollars Rate per direct labor dollar 15,750 17,750 $199, 250 $ 99,625 200% The company's actual costs incurred during the year are as follows: Job # T114 T119 T133 T136 Incurred by Jobs Materials Labor Other $ 3, 100 $ 11, 100 25,100 20,200 9, 100 36,750 2,100 17,650 $ 39,400 $ 85,700 Total $ 14,200 45,300 45,850 19,750 $125, 100 Incurred by Jobs Materials Labor 64,400 54,400 Overhead Indirect materials and supplies Indirect labor Employee benefits Depreciation Supervision Total Other 36,850 17,750 Total 64,400 54,400 36,850 17,750 13,650 $187,050 $ 64,400 13,650 $68,050 $ 54,600 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? $ 187,050 1. Total actual overhead 2 3. Cost of goods sold for job T114 4. Work-in-process inventory