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Question: the following information was obtained from the records of appleton...

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The following information was obtained from the records of Appleton Corporation during 2016. Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. Beginning value of inventory follows: Beginning Work in Process Inventory, $6,000. Beginning Finished Goods Inventory, $18,000 During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. Sales were $411,000 . Actual manufacturing overhead costs were $88,000. . Adjusted Cost of Goods Sold was $311,000. Required Use the preceding information to find the missing values in the following table Item Amount Direct Materials Used Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs 81,000 Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory 6,000 Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory Loss: Ending Finished Goods Inventory 8,000 Unadjusted Cost of Goods Sold Overhead Adjustment Adjusted Cost of Goods Sold $311,000
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