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s 28 to 30 are based on the following information. Selected accounts of a manufacturing company for the current year are as follows (see attached
s 28 to 30 are based on the following information. Selected accounts of a manufacturing company for the current year are as follows (see attached PDF file, same accounts for these three questions). Question 30. After the adjustment for the overhead cost estimation error, if the company sold the jobs for $125,000, how much was the gross profit? Accounts For Q28Q29Q30.pdf 61 KB) A. $13,500 B. $32,300 OC.$92,700 OD. $12,300 Reset Selection Previous NEXT Save Exit SUBMIT FOR GRADING WIP Inventory Tran. 2 DM Tran. 3 DL Finished Goods Inventory +56,000 +34,500 Tran. 9 Transfer in +97,000 Tran. 8 OH Allocation Tran. 9 Transfer out Balance +27,400 Tran. 11 Goods sold 91,500 -97,000 20,900 Balance 5,500 Allocated Overhead Actual Overhead Cost of Goods Sold Tran. 8 OH Allocation Tran. 12 OH adjustment -27,400 1,200 +3,215 Balance 91,500 Tran. 4 Utilities +12,500 Tran. 11 Goods sold Tran. 5 Depreciation +12,885 Tran. 12 OH adjustment 1,200 Tran. 6 Insurance -28,600 Balance 28,600 Balance 92,700
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