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Assuming overhead was $4,000 underapplied and that this amount is considered material, and the ending balance of work in process was $70,000, finished goods was
Assuming overhead was $4,000 underapplied and that this amount is considered material, and the ending balance of work in process was $70,000, finished goods was $65,000, cost of goods sold $45,000.The balance of work in process after allocation of the underapplied overhead based on overhead charged to the accounts during the period is__________
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