Reference: 16_01
Refer to the Following Table of Cost Information

Reference: 16_01
Refer to the following table of cost information:
$\begin{array}{llr}&\text { Goods in } & \text { Goods in } & \\&\text { Process- } & \text { Process- } & \text { Finished } \\&\underline{\text { Pickling }} & \underline{\text { Canning }} &\underline{ \text { Goods }}\\ \text { Beginning inventory } &\$25,000&\$7,500&\$10,000\\ \text {Costs incurred: } &\\ \text { Direct materials } &16,000&3,000\\ \text { Direct labor } &4,000&2,100\\ \text {Overhead applied } &6,000&4,200\\ \text { Coststransferred out } &(29,000)&(35,000)\\ \text { Coststransferred in.} &&29,000&35,000\\ \text { Cost of goods sold } &\underline{\quad\quad}&\underline{\quad\quad}&\underline{(39,000)}\\ \text {Ending inventory } & \underline{\$22,000}& \underline{\$10,800}& \underline{\$6,000}\\\end{array}$

-The company uses the same predetermined overhead allocation rate (based on direct labor)for the Pickling and Canning Departments.