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Prorating Over/Underabsorbed Overhead A computer manufacturer has the following account balances at the end of...

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Accounting

Prorating Over/Underabsorbed Overhead

A computer manufacturer has the following account balances at the end of the year.

Work-in-process $100,000

Finished goods 800,000

Cost of goods sold 2,000,000

Total $2,900,000

These accounts contain $500,000 of allocated overhead. Actual overhead, however, is $600,000.

Required: What are the account balances after prorating the underabsorbed overhead?

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