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Davidson Company's manufacturing overhead account showed a $6,200 underallocated balance on December 31, 2009. Other accounts showed the following balances on December 31, 2009:

Materials inventory $50,000

Work in process inventory $30,000

Finished goods inventory $20,000

Cost of goods sold $100,000

Davidson adjusts costs of goods sold for the balance in manufacturing overhead. What is the balance in Cost of goods sold after closing out the balance in manufacturing overhead?

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