1) Rainbow Company has the following balances (before end of year adjustments) as at the year ended December 31, 2019 The company budgets 2019 manufacturing overhead costs to be $300,000 and 2019 direct labourhours to be 15,000 . The 2019 actual manufacturing overhead costs were $298,500 and the actual direct labour-hours were 16,500. Direct labour-hours are charged at the rate of $10 per hour. Direct labour-hour is the allocation base for allocating manufacturing overhead costs. Assume that the company uses normal costing. Calculate the ending balance in Finished Goods Inventory if under- or overallocated manufacturing overhead is prorated based on ending balances (before proration) in each of the three accounts: WIP, Finished Goods and Cost of Goods Sold. (Do not round any intermediary calculations. Round the final answer to the nearest dollar.) a. $238,158 b. $233,395 c. $161,947 d. $230,067