At the end of 2018, Furry Balls Co. Had the following account balances after factory overhead
had been closed to manufacturing overhead control:
Manufacturing overhead control: P20,000 cr.
Cost of goods sold 384,000 dr.
Finished goods 96,000 dr.
Work in process 160,000 dr.
Raw materials 160,000 dr.
Case 1: Any under -or over-applied overhead is considered immaterial.
17. What is the adjusted balance of cost of goods sold after disposing the under -or overapplied overhead?
a. 364,000 b. 372,000 c. 396,000 d. 404,000
18. What is the adjusted balance of finished goods inventory after disposing the under-or
over-applied overhead?
a. 93,000 b. 96,000 c. 99,000 d. 102,000
19. What is the adjusted balance of work in process inventory after disposing the under -or
over-applied overhead?
a. 155,000 b. 160,000 c. 165,000 d. 170,000
20. What is the adjusted balance cost of goods sold after disposing the under-or overapplied overhead?
a. 364,000 b. 372,000 c. 396,000 d. 404,000
21. What is the adjusted balance of finished goods inventory after disposing the under-or
over-applied overhead?
a. 93,000 b. 96,000 c. 99,000 d. 102,000 22. What is the adjusted balance of work in process inventory after disposing the under-or
over-applied overhead?
a. 155,000 b. 160,000 c. 165,000 d. 170,000