7. The accounting books for the Small Car Company reveal the following ts for the Small Car Company reveal the following cost data for the just completed year Advertising Expense $100,000 Indirect materials $55,000 Rent, factory building $80,000 Sales Commissions $35,000 Direct labor cost $90,000 Maintenance, factory $25,000 Utilities, factory $10,000 Depreciation, factory $40,000 CEO Salary $8,000 Purchases of raw materials (both direct and indirect) Inventories $130,000 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $8,000 $10,000 $5,000 $20,000 $115,000 $17,000 Finished Goods, beginning Finished Goods, ending At the beginning of the quarter, the company estimated its total overhead for the quarter to be $200,000 and its total estimated machine hours to be 20,000. The company's actual machine hours for the quarter were 22,000. The company uses job-order costing with machine hours as the allocation base. What are the company's cost of goods sold adjusted for any under or over-applied OH? 2. $442,000 .5384,000 c. $456,000 4.5510,000 e. None of the above