Question 26 At the current year-end, Javon Company found that its overhead was underapplied by $3,500, and this amount was deemed to be an immaterial amount. Based on this information, Javon should: Close the $3,500 to Cost of Goods Sold 2 pts Close the $3,500 to Finished Goods Inventory Do nothing about the $3,500 since it is not material, and it is likely that overhead will be overapplied by the same amount next year. Carry the $3,500 to the income statement as Other Expense. Carry the $3,500 to the next period Next

At the current year-end, Javon Company found that its overhead was underapplied by $3,500, and this amount was deemed to be an immaterial ampunt Based on this information, Javon should: Close the $3,500 to Cost of Goods Sold Close the $3,500 to Finished Goods Inventory Do nothing about the $3.500 since it is not material, and it is likely that overhead will be overapplied by the same amount neat vear Carry the $3,500 to the income statement as Other Expense. Carry the $3,500 to the next period