Overhead Variances and Their Disposal Warner Company has the following data for the past year: Actual overhead $470,000 Applied overhead: Work-in-process inventory $100,000 200,000 Finished goods inventory Cost of goods sold 200,000 Total $500,000 Warner uses the overhead control account to accumulate both actual and applied overhead. Required: 2. Assume the variance calculated is material. After prorating, dose the variances to the appropriate accounts. If an amount box does not require an entry, leave it blank. MI Why WoL Incorrect Assume the variance calculated is material. After prorating provide the final ending balances of these accounts Unadjusted Prorated Overapplied Adjusted Balance Overhead Balance $100,000 Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold $200,000 $200,000