Zoey uses normal costing with applied Material Overhead for their landscaping business. They did well at budgeting and estimating their costs throughout the year, however, they over applied their Material Overhead by a small margin. At year end how would Zoey make the adjustments to clear out the Material Overhead account? Select answer from the options below Cost of Goods Sold on the balance sheet. Cost of Goods Sold on the income statement. On the balance sheet under Finished Goods Inventory. Prorated to the Work-in-Process Inventory