Question: 20. The balance before adjustment in work in process inventory was 80% of the balance in cost of goods sold, and the balance in finished
20. The balance before adjustment in work in process inventory was 80% of the balance in cost of goods sold, and the balance in finished goods inventory before adjustment was 70% of that in cost of goods sold. A total of $2,250,000 was spent on manufacturing overhead, but only
$2,000,000 in overhead costs were applied to production.
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