Part $2$: Closing variance accounts

Given below are the account balances before closing variances.

$\backslash$table$[[,$Dr$.,Cr.],[$Materials Inventory,$25,000,],[$Work in Process,$50,000,],[$Finished Goods,$100,000,],[$Cost of Goods Sold,$350,000,],[$Direct Materials Price Variance,$1,500,],[$Direct Materials Efficiency Variance,,$$1,200$