Need help! Superior Corp. applies manufacturing overhead to production at 65% of...
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Superior Corp. applies manufacturing overhead to production at 65% of direct labor cost. During the year ended 20x, manufacturing overhead of $129,220 was applied to production; actual manufacturing overhead was $156,500. Ending Work in Process Inventory was $22,440 and ending Finished Goods Inventory was $31,020. Work in Process Inventory increased by 20% during the year and Finished Goods Inventory increased by 10% during the year, Unadjusted Cost of Goods Sold was $574,300. Complete the following schedule
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