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
T114	$	34,500		$	17,750		$	30,250		$	82,500

The companys budgeted costs for the year are as follows:

Budgeted overhead
Variable
Indirect materials	$	71,000
Indirect labor		59,000
Employee benefits		29,500
Fixed
Supervision		14,500
Depreciation		16,500
Total	$	190,500
Budgeted direct labor dollars	$	95,250
Rate per direct labor dollar		200	%

The companys actual costs incurred during the year are as follows:

	Incurred by Jobs
Job #	Materials				Labor			Other				Total
T114	$	2,600			$	10,600		$	-			$	13,200
T119		24,600				19,200			-				43,800
T133		8,600				35,500			-				44,100
T136		1,600				16,900			-				18,500
	$	37,400			$	82,200						$	119,600

	Incurred by Jobs
Overhead	Materials				Labor				Other				Total
Indirect materials and supplies		62,400				-				-				62,400
Indirect labor		-				52,400				-				52,400
Employee benefits		-				-				35,100				35,100
Depreciation		-				-				16,500				16,500
Supervision		-				12,900				-				12,900
Total	$	62,400			$	65,300			$	51,600			$	179,300

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?