39.Work in Process, beginning$ 42Direct labor$40

Finished Goods, beginning$ 32Direct materials purchased$30

Sales$200Total selling expenses$60

Prepaid Expenses$ 15Applied factory overhead$47

Actual Factory Overhead$ 50Work in Process, ending$48

Direct materials used$ 28Finished Goods, ending$38

Overhead is applied to production on the basis of direct labor hours. All underapplied or overapplied overhead is closed totally to Cost of Goods Sold at the end of the year.

Again refer to the table. Assume that Adjusted Cost of Goods Sold is $110.

Compute the net income for the company

Group of answer choices

$27

$15

$41

$33

$30