The factory overhead for Cherokee for the years overapplied by P20,000 underapplied by 120,000 overapplied by P40,000 9. The following information is available concerning the inventory and cost of poods sold accounts of Sam Company at the end of the most recent year Work in Process Direct Materials P2.000 Direct labor 2.000 Applied Factory Overhead 2.000 Year-end balance P8,000 Finished Goods P8,000 16.000 16,000 P38.000 Cos dos seus P12000 32.000 32.000 175.000 Calculate the amount of Finished Goods nt presented in the balance sheet for the year assuming an overapplied of P12,000 ist located to inventories and cost of goods sold in proportion to the applied overhead in thoscounts P41,840 P34,160 P41,800 P34,200 20 an