Closing the Balances in The Variance Accounts at the End of theYear

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

	Debit	Credit
Direct Materials Price Variance	$13,450
Direct Materials Usage Variance		$1,150
Direct Labor Rate Variance		800
Direct Labor Efficiency Variance	$12,340

Unadjusted Cost of Goods Sold equals $1,520,000, unadjusted Workin Process equals $286,000, and unadjusted Finished Goods equals$270,000.

What if any ending balance in avariance account that exceeds $9,000 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 GoodsSold, Work in Process, and Finished Goods on the basis of primecosts in these accounts. (c) Prorate the largest of the materialvariances among Cost of Goods Sold, Work in Process, and FinishedGoods on the basis of prime costs in these accounts. The prime costin Cost of Goods Sold is $1,050,000, the prime cost in Work inProcess is $160,200, and the prime cost in Finished Goods is$128,000. If an amount box does not require an entry, leave itblank or enter "0".

Note: Round all interim calculations to three decimalplaces, and round your final answers to the nearest dollar. Adjustcredit entry for rounding to ensure debits equal credits in journalentry.

(a)	Direct Materials UsageVariance
	Direct Labor RateVariance
	Cost of Goods Sold
(b)	Work in Process
	Finished Goods
	Cost of Goods Sold
	Direct Labor EfficiencyVariance
(c)	Work in Process
	Finished Goods
	Cost of Goods Sold
	Direct Materials PriceVariance

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

	Adjusted balance
Work in Process	$
Finished Goods	$
Cost of Goods Sold	$