b

Question 23 (4 points) Ch. 4 - Gatorade has recently completed a year of operations and has calculated actual overhead and is comparing the latter to the applied overhead for the year. The overhead that was allocated ($415,000) to cost of goods sold was different from the actual amount incurred ($425,000). Gatorade wants to allocate the applied overhead using the proportional allocation method. Ending balances in the relevant accounts were: Work-in-Process $ 60,000 Finished Goods 120,000 Cost of Goods 620,000 Sold The correct adjustment would require which of the following. Credit Finished Goods for $1,500 Debit Cost of Goods Sold for $1,500 O Credit Cost of Goods Sold for $1,500 Debit Finished Goods for $1,500