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Given the following data on March 31, 20x1 Ending WIP $20,000 Ending Finished Goods $30,000 Cost of Goods sold $300,000 underapplied overhead $2,000 Applied overhead

Given the following data on March 31, 20x1
Ending WIP $20,000
Ending Finished Goods $30,000
Cost of Goods sold $300,000
underapplied overhead $2,000
Applied overhead is immaterial
The adjusted cost of goods sold is

more than $300,000

less than $300,000

$300,000

$2,000

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