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Vaughn Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187200 Beginning...

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Accounting

Vaughn Industries reported the following information for December:

Beginning balance, Raw Materials Inventory $187200

Beginning balance, Work in Process Inventory 306000

Beginning balance, Finished Goods Inventory 108000

Manufacturing overhead applied 530000

Purchases of raw materials 337400

Factory electricity 62500

Direct labor payroll 205000

Depreciation on factory equipment 218800

Insurance on factory building 47200

Indirect materials used in production 43800

Total raw materials used in production 406650

Indirect labor payroll 142000

Cost of goods manufactured 1248000

Cost of Goods Sold 1313000

How much manufacturing overhead was incurred by Vaughn during December?

$470500

$451800

$514300

$467100

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