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Tito Gonzales, controller, gathered the following information from the accounting records: ...

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Accounting

Tito Gonzales, controller, gathered the following information from the accounting records:
Raw materials used $19,000
Direct labor 29,000
Total manufacturing costs 123,000
Work-in-process inventory, Jan. 1 25,000
Cost of Goods Manufactured 88,000
Cost of goods available for sale 151,000
Finished goods inventory, Dec. 31 53,000
Sales revenue 329,000
Selling and administrative expenses 166,000
Income tax expense 18,000
Compute the manufacturing overhead

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