6 aThe balance in the finished goods inventory account was $125,000 at the end of the year. Net Income reported on the income statement for the year was $205,000, and there was a loss on an equipment disposal transaction of $25,000. If there are no other adjustments to net income, and the cash flow from operating activities on the statement of cash flows is $145,000, calculate the beginning balance in finished goods inventory. 6b A manufacturing company applies factory overhead cost based on a percentage of direct labor costs. At the beginning of the year, it estimated that factory overhead costs would be $288,000 and direct labor costs would be $240,000. Actual factory overhead costs incurred for the year were $300,000, and actual direct labor cost was $245,000. Calculate the amount of over-applied or under-applied factory overhead cost at the end of the year. 6 c On December 31, 2019, Heisenberg Industries' partially completed jobs cost $38,000. At the beginning of 2019, partially completed jobs cost $48,000. During the year 2019, the product (DM, DL & FO) costs incurred to complete all jobs was $240,000. If 2019 beginning finished goods inventory was $6,000 and ending finished goods inventory in 2019 was $20,000, calculate the cost of goods sold for the year ended December 31, 2019