Question
Stereo Corp. continued production of their popular radio line into 2018. The following information on inventory and production pertains to the year 2018. Cost of
Stereo Corp. continued production of their popular radio line into 2018. The following information on inventory and production pertains to the year 2018.
| Cost of Goods Manufactured | $266,000 |
| Beginning Finished Inventory | $0 |
| Ending Finished Goods Inventory | $44,000 |
| Overapplied Overhead | $10,000 |
Calculate the adjusted Cost of Goods Sold for the year 2018.
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Auditing And Assurance Services A Systematic Approach
Authors: William F. Messier, Steven M. Glover, Douglas F. Prawitt
4th Edition
0071117474, 9780071117470
