A Paris manufacturer uses a job-order system. At the end of 2007 the following balances exist (in millions of Euros [EUR]):

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Cost of goods sold EUR22.86 Finished goods 18.29 Work-in-process Factory overhead (actual) 4.57 10.67 Factory overhead (applied) 9.14 1. Prepare journal entries for two different ways to dispose of the under- applied overhead. 2. Gross profit, before considering the effects of requirement 1, was EUR6.5 million. What is the adjusted gross profit under the two meth- ods demonstrated?