Assume the variance calculated is material. After prorating, provide the final ending balances of these accounts. Unadjusted Balance Prorated Overapplied Overhead Adjusted Balance Work-in-Process Inventory $176,000 Finished Goods Inventory $352,000 Cost of Goods Sold $352,000 A A A 5 tA A Check My Work If variance is material, it is prorated among Work in Process, Finished Goods, and Cost of Goods Sold. Feedback 3. What if the variance is of the opposite sign calculated in Requirement 1? Provide the appropriate adjusting journal entries transaction, if an amount box does not require an entry, leave it blank. Variance immaterial Variance material 0030 3