The records of Phoenix Corporation revealed the following data for the current year. 22. Refer to Phoenix Corporation. Assume, for this question only, actual overhead is $98,700 and applied overhead is $93,250. Manufacturing overhead is: a. overapplied by $12,900. b. underapplied by $18,350. c. overapplied by $5,450 d. underapplied by $5,450 23. Refer to Phoenix Corporation. Assume that Phoenix has underapplied overhead of $10,000 and that this amount is immaterial. What is the balance in Cost of Goods Sold after the underapplied overhead is closed? a. 133,650 b. 123,650 c. 143,650 d. 137803 24. Refer to Phoenix Corporation. Assume that Phoenix has overapplied overhead of $25,000 and that this amount is material. What is the balance in Cost of Goods Sold after the overapplied overhead is closed? a. 123267 b. 144033 c. 158650 d. 108650