Calculating the Cost of Goods Sold. Determine the amount of Cost of Goods Sold (Adjusted) to be

Question:

Calculating the Cost of Goods Sold. Determine the amount of Cost of Goods Sold (Adjusted) to be shown on the income statement of the Gregory Company from the following data:

Finished Goods, July 1, 19X6 $152,820 Finished Goods, June 30, 19X7 168,290 Cost of Goods Manufactured 376,340 Overapplied or Underapplied Manufacturing Overhead 1,630 Dr. Balance

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