Question 12 Fiorentine Inc. has provided the following data for its first month in business Work-in-Process Finished Goods Direct Material $2,380 $16.790 Direct Labor $1.710 $16,060 Overhead Applied $1.520 $9,880 Cost of Goods Sold $41,830 $42,020 $26,600 Actual manufacturing overhead was $31,000. The Cost of Goods Sold balance at the end of the month after allocation of any underapplied or overapplied manufacturing overhead for the month, using proration based on manufacturing overhead applied in ending balances, is closest to: $107,650 $105.550 $117.450 $112.550