At the current year-end. Simply Company found that its overhead was underapplied by $2.500, and the amount was not considered material Based on Multiple Choice Do nothing about the $2.500 since it is not material, and it is likely that overhead we be overed by the same amount next year Close the $2,500 to Cost of Goods Sold Carry the $2.500 to the income statement as "Other Expense" Carry the $2,500 to the next period, Close the $2,500 to Finished Goods Inventory