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Author Question: Manufacturing overhead has an underallocated balance of $16,000; raw materials inventory balance is ... (Read 40 times)

lilldybug07

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Manufacturing overhead has an underallocated balance of $16,000; raw materials inventory balance is $150,000; work in process inventory is $130,000; finished goods inventory is $120,000; and cost of goods sold is $180,000. After adjusting for the underallocated manufacturing overhead, what is cost of goods sold?
◦ $180,000
◦ $16,000
◦ $196,000
◦ $164,000


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Marked as best answer by lilldybug07 on Jan 4, 2020

enass

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lilldybug07

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Reply 2 on: Jan 4, 2020
Excellent


ghepp

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

 

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