Poseidon SE uses a normal costing system with a single manufacturing overhead cost pool and machine-hours as the allocation base. The following data are for 2020:

Budgeted manufacturing overhead rate: 55

Overhead allocation base: Machine hours

Manufacturing overhead incurred: 5,000,000

Actual machine-hours: 80,000

Machine-hours data and the closing balances (before end-of-period adjustments) are as follows:

	Actual machine-hours	2020 end of year balance ()
Cost of Goods Sold	50,000	9,000,000
Finished Goods	35,000	2,250,000
Work in Progress	8,000	250,000

What is the ending balance for the Cost of Goods Sold account using the Write-off approach?

a.

9,000,000

b.

0

c.

9,600,000

d.

8,400,000