Oscar Corp.applies manufacturing overhead to production at 150% of direct labor cost.During the year ended 20xx,manufacturing overhead of $180,000 was applied to production;actual manufacturing overhead was $199,000.Beginning Work in Process Inventory was $20,000 and ending Work in Process Inventory was $24,000.Beginning Finished Goods Inventory was $42,000,ending Finished Goods Inventory was $39,000.Sales for the year ended 20xx were $580,000,yielding a $117,000 gross profit.
Complete the following schedule:

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The Answer of Oscar Corp.applies manufacturing overhead to production at 150% of direct labor cost.During the year ended 20xx,manufacturing overhead of $180,000 was applied to production;actual manufacturing overhead was $199,000.Beginning Work in Process Inventory was $20,000 and ending Work in Process Inventory was $24,000.Beginning Finished Goods Inventory was $42,000,ending Finished Goods Inventory was $39,000.Sales for the year ended 20xx were $580,000,yielding a $117,000 gross profit.
Complete the following schedule: