Michelle Sanchez was recently hired as a financial consultant at Vandelay Industries. Vandelay eliminates any overapplied or under applied manufacturing overhead by using the "Prorated Method." For the most recent year, Vandelay recorded the following information: Cost of Goods Sold $120,980 Finished Goods Ending Inventory Balance $99.940 Work-in-Process Ending Inventory Balance $42.000 Raw Materials Ending Inventory Balance $39,000 Total Actual Manufacturing Overhead Cost $116,000 Total Applied Manufacturing Overhead Cost $101.000 Due to the severe shortage of Cost Accountants, Michelle was asked to assist the Accounting Department in allocating any underapplied or over applied overhead to the appropriate accounts After adjustment using the Prorated Method, what will the new account balances be in Work-in-Process Inventory, Finished Goods Inventory and Cost of Goods Sold? Work in Process inventory S Finished Goods Inventory Adjusted Ending Amounts Cost of Goods Sold $ $

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