Use the information below to answer the two questions that follow. A company applies manufacturing overhead to jobs using a predetermined overhead rate of 50% of direct labor cost. During August, the company recorded the following: Selected inventory balances for the period were: Q. For August, the unadjusted Cost of Goods Sold would be: Answer. Q: If the company has the policy to close any under-or over-applied overhead costs to cost of goods sold at the end of the month, what would be the impact of this adjustment on the company's net operating income? Answer. The net operating income will by $