Problem 9. Selected account balances of Morgan Company for 2010 are as follows: Work in Process Finished Goods Cost of Goods Sold Factory Overhead $35,000 Debit $65,000 Debit $100,000 Debit $22,000 Debit a. Were factory overhead costs under-applied or over-applied in 2010? Explain. b. Prepare the journal entry to dispose of the factory overhead balance assuming the amount is immaterial. Account Title Debit Credit