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Faughn Corporation has provided the following data concerning manufacturing overhead for July Actual manufacturing overhead incurred $69,000 Manufacturing overhead applied to Work in Process
Faughn Corporation has provided the following data concerning manufacturing overhead for July Actual manufacturing overhead incurred $69,000 Manufacturing overhead applied to Work in Process $79,000 The company's unadjusted Cost of Goods Sold was $243,000 prior to considering the under (over) applied Manufacturing Overhead. Which of the following statements is true? Multiple Choice Manufacturing overhead was underapplied by $10,000; Adjusted Cost of Goods Sold was $233,000 Manufacturing overhead was overapplied by $10,000, Adjusted Cost of Goods Sold was $233,000 Manufacturing overhead was overapplied by $10,000; Adjsuted Cost of Goods Sold was $253,000 Manufacturing overhead was underapplied by $10,000; Adjusted Cost of Goods Sold was $253,000
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