Sheffield Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each team's uniform is unique in color and design, Sheffield uses a job order costing system. On January 1, the T-accounts for some of Sheffield's primary balance sheet accounts were as follows: Raw Materials Inventory 59,400 Work in Process Inventory 25,500 1/1 1/1 Finished Goods Cash 1/1 38,600 1/1 37,200 Accounts Receivable Accounts Payable 1/1 47,300 1/1 41,900 During the year, the following events occurred: 1. Sheffield purchased raw materials costing $113,000 on account. 2. Sheffield used $149,300 of raw materials in production. Of these, 80% were classified as direct materials and 20% as indirect materials. (Sheffield maintains a single Raw Materials Inventory account.) 3. Sheffield used 31,900 hours of direct labor. The company's average direct labor rate was $12 per hour (credit Wages Payable). 4. The company's indirect labor cost was $168,000 (credit Wages Payable). 5. Other manufacturing overhead costs the company incurred on account totaled $95,400. 6. Sheffield applied $316,800 in manufacturing overhead. 7. The company completed production of goods costing $837,200. 8. The company's Cost of Goods Sold balance was $843,600 before adjusting for over- or underapplied overhead. 9. Sales revenue was $1,040,000 (all sales were made on account). 10. Sheffield collected $803,200 from customers. 11. The company paid accounts payable of $201,300. 12. At year-end, all wages earned during the year had been paid. (a) Calculate under-or overapplied overhead for the year. Overhead by $ (b) Assuming that Sheffield closes under-or overapplied overhead to Cost of Goods Sold, calculate the cost of goods sold for the year. Adjusted cost of goods sold $ (c) Assuming that Sheffield prorates under-or overapplied overhead to the appropriate accounts, calculate the adjusted Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold balances for the year. (Round % of total to 3 decimal places, eg. 1.235, allocation and final answers to 0 decimal places, eg. 52.) Adjusted Balance $ Work In Process $ Finished Goods $ Cost of Goods Sold