A Computer Manufacturer Has the Following Account Balances at the End

Essay

A computer manufacturer has the following account balances at the end of the year. $$\begin{array} { | l | r | } \hline \text { Work-in-process } & \$ 100,000 \\\hline \text { Finished goods } & 800,000 \\\hline \text { Cost of goods sold } & 2,000,000 \\\hline \text { Total } & \$ 2,900,000 \\\hline\end{array}$$ These accounts contain $500,000 of allocated overhead. Actual overhead, however, is $600,000.
Required:
What are the account balances after prorating the under-absorbed overhead?