Tammy’s Cosmetics uses a normal costing system and has the following balances at the end of its first year’s operations.

WIP inventory ………………. $231,000

Finished-goods inventory ……. 198,000

Cost of goods sold …………… 396,000

Actual factory overhead ……… 416,000

Factory overhead applied ……. 456,000

Compute cost of goods sold for two different ways to dispose of the year-end overhead balances.

By how much would gross profit differ?