Tamarisk Enterprises reported cost of goods sold for 2020 of $1,512,800 and retained earnings of $5,078,800 at December 31, 2020. Tamarisk later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $113,870 and $35,230, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40