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CALCULATE COST OF GOODS SOLD: The following account balances appear in the general ledger Revenues, December 31 $1,782,560 Work in process, January 1 68,450 Work
CALCULATE COST OF GOODS SOLD: The following account balances appear in the general ledger Revenues, December 31 $1,782,560 Work in process, January 1 68,450 Work in process, December 31 76,321 164,648 Materials, December 31 Finished goods, January 1 Finished goods, December 31 152,820 168,290 Manufacturing OH Control, December 31 192,200 Manufacturing OH Allocated, December 31 176,800 of the cast of Goods Manufactured for the year equals $379,340 and the overallocated or underallocated manufacturing overhead is considered immaterial (small) calculate the adjusted Cost of Goods Sold to be shown on the income statement. (Must show calculations, using Taccounts may help) Cost of Goods Sold
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