World Window Company produces custom windows to specifications provided by architects. At the end of their accounting period, their account balances indicated the following:

Required
a. Determine the adjusted balances of the accounts if the balance in Manufacturing Overhead is considered immaterial in amount and assigned to Cost of Goods Sold.
b. Determine the adjusted balances of the accounts if the balance in Manufacturing Overhead is considered material in amount. Round to the nearest whole dollar.

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Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead (credit balance) $ 75,000 50,000 25,000 400,000 48,000