Superior Corp. applies manufacturing overhead to production at 75% of direct labor cost. During 20x5, manufacturing overhead of $150,000 was applied to production; actual manufacturing overhead was $156,000. Ending Work in Process Inventory was $22,000 and ending Finished Goods Inventory was $36,000. Work in Process Inventory increased by 10% during the year and Finished Goods Inventory increased by 20% during the year. Unadjusted Cost of Goods Sold was $575,000.
Complete the following schedule:

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The Answer of Superior Corp. applies manufacturing overhead to production at 75% of direct labor cost. During 20x5, manufacturing overhead of $150,000 was applied to production; actual manufacturing overhead was $156,000. Ending Work in Process Inventory was $22,000 and ending Finished Goods Inventory was $36,000. Work in Process Inventory increased by 10% during the year and Finished Goods Inventory increased by 20% during the year. Unadjusted Cost of Goods Sold was $575,000.
Complete the following schedule: