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The following information was obtained from the records of Appleton Corporation during 2018. . ...

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Accounting

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The following information was obtained from the records of Appleton Corporation during 2018. . Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. Beginning value of Inventory follows: Beginning Work in Process Inventory, $5,000. Beginning Finished Goods Inventory. $16,000. During the period. Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent Actual manufacturing overhead costs were $90,000 Sales were $403,000 Adjusted Cost of Goods Sold was $315,000. . Required: Use the preceding information to find the missing values in the following table: Item Amount 85.000 5,000 Direct Materials Used Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured PlusBeginning Finished Goods Inventory Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold 16,000 $ 315,000

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