See below
Explanation:
1.
Actual manufacturing overhead cost incurred
$473,000
Less manufacturing overhead cost applied $25 × 19,400
($485,000)
Over applied overhead
$12,000
2.
Raw materials at the beginning
$20,000
Add raw materials purchased
$400,000
Raw materials available for use
$420,000
Less raw materials at the end
($30,000)
Raw materials used in production
$390,000
Less indirect materials
($15,000)
Add direct labor
$60,000
Add manufacturing overhead applied
$485,000
Total manufacturing cost
$920,000
Add work in process inventory at the beginning
$40,000
Total work in process inventory
$960,000
Less work in process inventory at the end
($70,000)
Cost of goods manufactured.
$890,000