fixed C mixed cost ajob? Evaniable product cost s) Using Normal Costing when would overhead be applied to aj In Cost of Goo B In Finished Goods Inventory Overhead DIn Work-In-Process Inventory Consider the following information for a company for the next three q $40 $30 560 547 $48 $38 $42 Direct labor Work in Process, beginning Finished Goods, beginning 32 Direct materials purchased Sales $200 Total selling expenses S 15 Applied factory overhead Prepaid Expenses Actual Factory Overhead 50 Work in Process, ending Direct materials used S 28 Finished Goods, ending Overhead is applied to production on the basis of direct labor hours. All underapplied or overap is closed totally to Cost of Goods Sold at the end of the year. 37) Compute the Cost of Goods Manufactured. $1so $124 S118 D) S112 E $109 38) Refer back to the table. Now, assume that Cost of Goods Manufactured is $130. Compute the ADJUSTED Cost of Goods Sold. A. $125 B. $127 C $129 D. S131 $135 39) Again refer to the table. Assume that Adjusted Cost of Goods Sold is $110. Compute the net income for the company A. $27 B. $30 $33 $41 E. $15