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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. .......$650,000
Direct labour cost. .................1,500,000
Machine hours. ...................81,250
At the end of the year, the company had actually incurred the following:
Direct labour cost. ........................ $1,210,000
Depreciation on manufacturing equipment. ....500,000
Property taxes on plant. .................20,000
Sales salaries. ..........................25,000
Delivery drivers' wages. ..................15,000
Plant janitors' wages. ....................10,000
Machine hours. .........................65,000 hours
the accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $400,000, not the $500,000 as originally reported. The unadjusted cost of goods sold balance at year-end was $600,000. What is the adjusted ending balance of cost of goods sold? NOTE: DO NOT ENTER ANY COMMAS OR DECIMAL POINTS.

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