2. What if any ending balance in a variance account that exceeds $12,000 is considered material? (a) Close the Immaterial vaniance accounts to Cost of Goods Sold. (b) of the labor variances ormong Cost of Goods Sold, Work in process, and Finished Goods on the basis of prime costs in these accounts. (c) Prorate the largest ,oso,000, te prime cost n werk n Process is$164.600, and te prime cost in Finished Goods is $128,000, ran omount box does not require an entry, leave blank or Cost of MacBook Air Finished Goods Finished Goods Cost of Goods Sold Next Previous MacBook Air