oard XO OG emaining Time: 1 hour, 26 minutes, 45 seconds Question Completion Status 2 3 5 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 QUESTION 1 Before any jumal entry was made adjusting for any misapplied overhead, Harris Corporation had the following account balances (al debits) at the end of October Raw materials $40,000 Work-in-process $50,000 Finished goods $120,000 Actual overhead 380,000 Cost of goods sold $30.000 Applied overhead $180.000 Assuming that misapplied overhead is material in amount, which of the following statements concerning finished goods is true regarding the journal entry to correct for the misapplied overhead? Dit is debited for 350,000 Ob cannot be determined without further information Finished goods is not used in the correction dit is debited for $60,000 Os debited for 100.000 QUESTION 2 The Outdated Machine Company has a large inventory of a specific type of machine which is considered to be obsolete and thus, unsaleable at a current price. The original cost of the machines i 5750,000. They may either modify the machines at an additional cost of $504,000 or sell them to competitor in their current state for $400,000.it Outilated modities the machines, the total de revenue would be 5600,000. What is the sun cost in this situation Click and Siston mit. Chick Salt to now all