Question
Company BGA's costs for the year were: Factory overhead applied: $392,600 Cost of Goods Manufactured: $880,000 Factory overhead incurred: $400,000 Finished goods inventory was $218,000
Company BGA's costs for the year were:
Factory overhead applied: $392,600
Cost of Goods Manufactured: $880,000
Factory overhead incurred: $400,000
Finished goods inventory was $218,000 on January 1 and $190,000 on December 31.
If BGA closes over-applied or under-applied overhead costs to goods sold at year-end, what is the adjusted cost of goods sold for the year?.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
