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Author Question: Manufacturing overhead has an overallocated balance of $5,000; raw materials inventory balance is ... (Read 42 times)

CQXA

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Manufacturing overhead has an overallocated balance of $5,000; raw materials inventory balance is $55,000; work in process inventory is $32,000; finished goods inventory is $27,000; and cost of goods sold is $120,000. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold?
◦ $125,000
◦ $115,000
◦ $120,000
◦ $5,000


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Marked as best answer by CQXA on Jan 4, 2020

batool

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CQXA

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Reply 2 on: Jan 4, 2020
Excellent


bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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