Luis Company has underapplied overhead of $45,000 for the year. Before disposition of the underapplied overhead, selected year-end balances from Worley's accounting records were Sales $1,200,000 Cost of goods sold 720,000 Work-in-process inventory 54,000 Finished goods inventory 90,000

Under Luis cost accounting system over or under applied overhead is allocated to appropriate inventories and CGS on year end bal. IN its year end income statement the revised ending bal for finished goods inventory (FG) would be

the answer is 323750 please use steps