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During the year, the following events occurred: 1. Oriole purchased raw materials costing $116,000 on account. 2. Oriole used $149,300 of raw materials in production. Of these, 80% were classified as direct materials and 20% as indirect materials. (Oriole maintains a single Raw Materials Inventory account.) 3. Oriole used 31,300 hours of direct labor. The company's average direct labor rate was $13 per hour (credit Wages Payable). 4. The company's indirect labor cost was $168,000 (credit Wages Payable). 5. Other manufacturing overhead costs the company incurred on account totaled $94,400. 6. Oriole applied $316,800 in manufacturing overhead. 7. The company completed production of goods costing $854,790. 8. The company's Cost of Goods Sold balance was $861,490 before adjusting for over- or underapplied overhead. 9. Sales revenue was $1,060,000 (all sales were made on account). 10. Oriole collected $803,200 from customers. 11. The company paid accounts payable of $201,300. 12. At year-end, all wages earned during the year had been paid. (a) Calculate under- or overapplied overhead for the year. Overhead by $ Oriole Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each team's uniform is unique in color and design, Oriole uses a job order costing system. On January 1, the T-accounts for some of Oriole's primary balance sheet accounts were as follows: During the year, the following events occurred: (a) Calculate under- or overapplied overhead for the year. Overhead by $ (b) Assuming that Oriole closes under- or overapplied overhead to Cost of Goods Sold, calculate the cost of goods sold for the year. Adjusted cost of goods sold $ (c) Assuming that Oriole prorates under- or overapplied overhead to the appropriate accounts, calculate the adjusted Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold balances for the year. (Round \% of total to 3 decimal places, e.g. 1.235, allocation and final answers to 0 decimal places, e.g. 52.)

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