Question 10 Assume a company applied overhead totaling $1,000,000 du amounted to $1,100,000. The accounting records indicate t each account is as follows: Account Work in process Finished goods Cost of goods sold A Amount a $200,000 $500,000 $300,000 $1,000,00 What adjustment would be made to each account if the comp under applied overhead? Increase Work in Process by $20,000; increase Finished Goods by $30,000 O Decrease Work in Process by $20,000; decrease Finished Goods by $30,000 O Increase Work in Process by $200,000: increase Finished Goods by $300,000 O Decrease Work in Process by $200,000: decrease Finished Goods b by $300,000 O None of the above