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Bull Company manufactures an energy drink. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 2019. Applied manufacturing overhead to work-in-process

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Bull Company manufactures an energy drink. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 2019. Applied manufacturing overhead to work-in-process inventory was $1,000,000. Actual manufacturing overhead incurred was $1,200,000. Ending balances in the following accounts are: What would be the balance of Work-in Process Inventory, Finished Goods inventory, and Cost of Goods Sold, respectively, after writing off the difference between applied manufacturing overhead and actual manufacturing overhead to the three accounts by prorating based on the ending balance of accounts? Example of Answer: 4000/5000/3000 (No comma, space, decimal point, or $ sign)

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