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Freeman Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the
Freeman Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following:
manufacturing overhead cost. $
Direct labour cost.
Machine hours.
At the end of the year, the company had actually incurred the following:
Direct labour cost. $
Depreciation on manufacturing equipment.
Property taxes on plant.
Sales salaries.
Delivery drivers' wages.
Plant janitors' wages.
Machine hours. hours
the accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $ not the $ as originally reported. The unadjusted cost of goods sold balance at yearend was $ What is the adjusted ending balance of cost of goods sold? NOTE: DO NOT ENTER ANY COMMAS OR DECIMAL POINTS.
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