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The following amounts were reported by Voldemort Company before adjusting its immaterial overapplied manufacturing overhead of $9,000. Raw Materials Inventory $ 30,000 Finished Goods Inventory
The following amounts were reported by Voldemort Company before adjusting its immaterial overapplied manufacturing overhead of $9,000.
- Raw Materials Inventory $ 30,000
- Finished Goods Inventory 60,000
- Work in Process Inventory 100,000
- Cost of Goods Sold 730,000
Compute what amount Voldemort will report as cost of goods sold after the adjustment for the overapplied overhead.
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