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Given the following data on March 31, 20x1 Ending WIP $20,000 Ending Finished Goods $30,000 Cost of Goods sold $300,000 underapplied overhead $2,000 Applied overhead
Given the following data on March 31, 20x1 | |
Ending WIP | $20,000 |
Ending Finished Goods | $30,000 |
Cost of Goods sold | $300,000 |
underapplied overhead | $2,000 |
Applied overhead is immaterial | |
The adjusted cost of goods sold is |
more than $300,000 | ||
less than $300,000 | ||
$300,000 | ||
$2,000
|
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