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Molly's Muffins Manufacturing Overhed applied to jobs in July was $300,000 the actual manufacturing overhead was $270,000. The balance in Work in porocee inventory was

Molly's Muffins Manufacturing Overhed applied to jobs in July was $300,000 the actual manufacturing overhead was $270,000. The balance in Work in porocee inventory was $600,000, the balance in finished goods inventory was $800,000 and the balance in Cost of Goods Sold was $1,200,000 . Prepare the required adjusting journal entry for July 31st .

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