The following account balances and information are available for ABC Company at the end of the year: Ending Balance Manufacturing overhead $90,000 underapplied Raw materials 10,000 Work in process 40,000 (contains $19,200 of applied overhead) Finished goods 60,000 (contains $28,800 of applied overhead) Cost of goods sold 400,000 (contains $192,000 of applied overhead) The underapplied balance in the Manufacturing Overhead account is determined to be immaterial (insignificant). After closing the Manufacturing Overhead account, Finished Goods would have a balance of: $70,800 $49,200 $60,000 $90,000 ABC Company worked on three jobs during its first month of business. Job costs sheets are: Job #1 Job #2 Job #3 Direct materials $6,000 $5,000 $4,000 Direct labor $10,000 $13,000 $8,000 Manufacturing overheald $3,000 $2,500 $2,000 There were no beginning inventory balances. Job #1 was sold during the month. Job #2 was not completed by the end of the month. Job #3 was completed but not sold by the end of the month. Related to these jobs, the balance sheet will report a total of: $19,000 $20,500 $33,000 $34,500