Palmer Company has the following data for the current year:

Actual Overhead	202,800
Applied Overhead	250,000
Raw Material	51,000
Work in Process	101,900
Finished Goods	183,100
Cost of Goods Sold	190,000

1- Refer to Palmer Company. Assume that the under- or overapplied overhead amount is immaterial. What is the balance in Cost of Goods Sold after the overhead is closed?

2-

Refer to Palmer Company. Assume that the under- or overapplied overhead amount is material. What is the balance in Cost of Goods Sold after the overhead is closed?