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36. The following account balances and information are available for Stevens Inc. at the end of 2019: Overapplied Manufacturing overhead Raw materials Work in process Finished goods Cost of goods sold Ending balance $60,000 100,000 25,000 75,000 200,000 (contains $10,000 of applied overhead) (contains $30,000 of applied overhead) (contains $80,000 of applied overhead) The overapplied balance in the Manufacturing Overhead account is determined to be material (significant). After closing the Manufacturing Overhead account, Cost of Goods Sold would have a balance of: a. $140,000. b. $240,000. c. $160,000. d. $260,000