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Holman Medical Supplies uses an ABC method of allocating overhead costs. Using their predetermined overhead rates per activity, they applied a total of overhead costs
Holman Medical Supplies uses an ABC method of allocating overhead costs. Using their predetermined overhead rates per activity, they applied a total of overhead costs of $216,000. At the end of the year, they actual overhead costs was determined to be $210,000. The overhead variance is determined to be immaterial. The unadjusted cost of goods sold balance is $350,000. What is the adjusted cost of goods sold balance?
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