Coronado Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each teams uniform is unique in color and design, Coronado uses a job order costing system. On January 1, the T-accounts for some of Coronados primary balance sheet accounts were as follows:

During the year, the following events occurred:

1.	Coronado purchased raw materials costing $ 115,000 on account.
2.	Coronado used $ 149,300 of raw materials in production. Of these, 80% were classified as direct materials and 20% as indirect materials. ( Coronado maintains a single Raw Materials Inventory account.)
3.	Coronado used 31,800 hours of direct labor. The companys average direct labor rate was $ 11 per hour (credit Wages Payable).
4.	The companys indirect labor cost was $ 168,000 (credit Wages Payable).
5.	Other manufacturing overhead costs the company incurred on account totaled $ 96,400.
6.	Coronado applied $ 316,800 in manufacturing overhead.
7.	The company completed production of goods costing $ 801,700.
8.	The companys Cost of Goods Sold balance was $ 807,500 before adjusting for over- or underapplied overhead.
9.	Sales revenue was $ 1,040,000 (all sales were made on account).
10.	Coronado collected $ 803,200 from customers.
11.	The company paid accounts payable of $ 201,300.
12.	At year-end, all wages earned during the year had been paid.

(a)	Calculate under- or overapplied overhead for the year.

(b)	Assuming that Coronado closes under- or overapplied overhead to Cost of Goods Sold, calculate the cost of goods sold for the year.

c)

Assuming that Coronado prorates under- or overapplied overhead to the appropriate accounts, calculate the adjusted Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold balances for the year. (Round % of total to 3 decimal places, e.g. 1.235, allocation and final answers to 0 decimal places, e.g. 52.)

Raw Materials Inventory Work in Process Inventory 1/1 58,900 1/1 25,000 Finished Goods Cash 1/1 34,600 1/1 34,200 Accounts Receivable Accounts Payable 1/1 47,300 1/1 41.900