Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end:

	Debit	Credit
Direct Materials Price Variance	$14,350
Direct Materials Usage Variance		$1,210
Direct Labor Rate Variance		890
Direct Labor Efficiency Variance	$12,520

Unadjusted Cost of Goods Sold equals $1,520,000, unadjusted Work in Process equals $266,000, and unadjusted Finished Goods equals $260,000.

Adjusted balance of c.o.g is 1,544,770

1-) What if any ending balance in a variance account that exceeds $10,000 is considered material? (a) Close the immaterial variance accounts to Cost of Goods Sold. (b) Prorate the largest of the labor variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. (c) Prorate the largest of the material variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. The prime cost in Cost of Goods Sold is $1,060,000, the prime cost in Work in Process is $160,400, and the prime cost in Finished Goods is $128,000. If an amount box does not require an entry, leave it blank.

Note: Round all interim calculations to three decimal places, and round your final answers to the nearest dollar. Adjust credit entry for rounding to ensure debits equal credits in journal entry.

What are the adjusted balances in Work in Process, Finished Goods, and Cost of Goods Sold after closing out all variances?

	Adjusted balance
Work in Process	$fill in the blank
Finished Goods	$fill in the blank
Cost of Goods Sold	$fill in the blank