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A company had the following information available at year end. Beginning finished goods inventory $20,000 Cost of goods manufactured $145,000 Underapplied overhead $8,000 Ending finished
| A company had the following information available at year end. | ||||||
| Beginning finished goods inventory | $20,000 | |||||
| Cost of goods manufactured | $145,000 | |||||
| Underapplied overhead | $8,000 | |||||
| Ending finished goods inventory | $8,000 | |||||
| What is the adjusted cost of goods sold? | ||||||
| $151,000 | ||||||
| $165,000 | ||||||
| $135,000 | ||||||
| $155,000 |
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Financial Shenanigans
Authors: Howard Schilit
2nd Edition
0071386262, 9780071386265
