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Company X reported the following amounts prior to closing out its Manufacturing Overhead account. . Actual manufacturing overhead incurred was $89,703 Allocated Manufacturing Overhead
Company X reported the following amounts prior to closing out its Manufacturing Overhead account. . Actual manufacturing overhead incurred was $89,703 Allocated Manufacturing Overhead of $50,909 Revenue of $900,000 Gross profit of $100,000 Assuming the company closes the manufacturing overhead account balance to cost of goods sold, what amount of Cost of Goods Sold will be reported on the income statement?
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