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QUESTION 3 The February inventory accounts of Chumley Inc. showed that the manufacturing overhead applied during the month could be traced to: Work in Process $38, 300 Finished Goods $25, 600 Cost of Goods Sold $120, 100 At the end of February manufacturing overhead for the month was underapplied. The company's accountant determined that an adjustment rate of $0. 046 per dollar of the original allocation was needed to correctly state the ending balances. What is the amount of manufacturing overhead assigned to Cost of Goods Sold after adjustment? (Round your answer to the nearest $1.00)