Use the following for questions 8 through 10 provide selected data about a company's financial results for the year The T-accounts below Work-in-Process Materials $22 Jan. 1 bal. Debits ? Credits Jan. 1 bal $$2,5001 $282.000 Creds 72 Direct ma Direct labor 90,000 12.500 Dec. 31 bal. $18 Dec. 31 bal. $ Finished Goods Manufacturing Wages Payable an. 1 bal$80,000 Credits Debits Debits 540p 3,s Dec. 31 bal. $72 $66,000 Jan. 1 bal. 99.000 Credits Manufacturing Overhead Cost of Goods Sold Debits $111,000 Credits ? Credits Debits 8. The amount of over- (under-) applied overhead is A. $(10,500) B. $(1,500) C. $1,500 D. $10,500 E. None of the above ,Soo 111,0 1500 Acl Ee 9. The amount of indirect materials in the manufacturing overhead account is A. $4,500 B. $7,500 C. $12,000 D. $18,000 E. None of the above 0. The cost of goods sold is A. $300,000 B. $282,000 C. $274,500 D. $372,000 E. None of the above 12,000