Sunland 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, Sunland uses a job order costing system. On January 1, the T-accounts for some of Sunland's primary balance sheet accounts were as follows: Raw Materials Inventory 60,400 Work in Process Inventory 25,500 1/1 1/1 Finished Goods 38,600 Cash 37.200 1/1 1/1 Accounts Receivable 47.300 Accounts Payable 1/1 41,900 1/1 During the year, the following events occurred: 1. Sunland purchased raw materials costing $112,000 on account. 2. Sunland used $149,300 of raw materials in production of these 80% were classified as direct materials and 20% as indirect materials. (Sunland maintains a single Raw Materials Inventory account.) 3. Sunland used 31,000 hours of direct labor. The company's average direct labor rate was $12 per hour (credit Wages Payable) 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. Sunland applied $316,800 in manufacturing overhead. 7. The company completed production of goods costing $822,400. The company's Cost of Goods Sold balance was $827,600 before adjusting for over-or underapplied overhead. Sales revenue was $1,040,000 (all sales were made on account). 10. Sunland collected $803,200 from customers. 11. The company paid accounts payable of $201.300. 8. 9. (a) Calculate under or overapplied overhead for the year Overhead bys (b) Assuming that Sunland 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 Sunland 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, c.8. 1.235, allocation and final answers to decimal places, eg. 52) Adjusted Balance $ Work In Process $ Finished Goods $ Cost of Goods Sold