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At the end of the year, Script Company had the following account balances: Balance Underapplied overhead $ 7,200,000 Cost of goods sold 67,200,000 Work-in-process inventory

At the end of the year, Script Company had the following account balances:

Balance
Underapplied overhead $ 7,200,000
Cost of goods sold 67,200,000
Work-in-process inventory 9,600,000
Finished goods inventory 19,200,000

Show the Underapplied Overhead effect on the account balances in the following table.

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