E20-8 Refer to the data in Exercise 20-7. Isle Awning's accountant found an error in her 20X4 expense records. Depreciation on manufacturing property, plant, and equipment was actually $600,000. not the $480.000 she had originally reported. Unadjusted balances at the end of 20X4 include Finished Goods Inventory. Cost of Goods Sold... 130,000 600.000 Required 1. Use a T-account to determine whether manufacturing overhead is underallocated or overallocated, and by how much. 2. Record the entry to close out the underallocated or overallocated manufacturing overhead. 3. What is the adjusted ending balance of Cost of Goods Sold?