Question
The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,000. Raw Materials Inventory$40,000Finished Goods Inventory60,000Work in Process Inventory100,000Cost
The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,000.
Raw Materials Inventory$40,000Finished Goods Inventory60,000Work in Process Inventory100,000Cost of Goods Sold730,000
What is the amount Burke will report as cost of goods sold after it disposes of its overapplied overhead?
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
