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Ajax Company had the following information for the year: Direct Materials used $ 190,000 Direct labor incurred (7,000 hours) $ 245,000 Actual manufacturing overhead incurred
Ajax Company had the following information for the year:
Direct Materials used | $ 190,000 |
Direct labor incurred (7,000 hours) | $ 245,000 |
Actual manufacturing overhead incurred | $ 273,000 |
Ajax Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $9,000. What was the adjusted Cost of Goods Sold?
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