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At the end of 2018, Furry Balls Co. Had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead

At the end of 2018, Furry Balls Co. Had the following account balances after factory overhead had been closed to manufacturing overhead control:

Manufacturing overhead control: P20,000 cr. Cost of goods sold 384,000 dr. Finished goods 96,000 dr. Work in process 160,000 dr. Raw materials 160,000 dr. Case 1: Any under -or overapplied overhead is considered immaterial.

1 What is the adjusted balance cost of goods sold after disposing of the under-or over-applied overhead? 2. What is the adjusted balance of finished goods inventory after disposing of the under-or over-applied overhead? 3. What is the adjusted balance of work in process inventory after disposing of the under-or over-applied overhead?

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