The Precision Widget Company had the following balances in their accounts at the end of the accounting

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The Precision Widget Company had the following balances in their accounts at the end of the accounting period:

Work-in-Process .....................$5,000

Finished Goods ....................$20,000

Cost of Goods Sold ...........$200,000

If their manufacturing overhead was over allocated by $8,000 and Precision Widget adjusts their accounts using a proration based on total ending balances, the revised ending balance for Cost of Goods Sold would be?

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Question Posted: May 23, 2013 05:18 AM

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The Precision Widget Company had the following balances in their accounts at the end of the accounting

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Computation of the Revised Amount of Cost of Goods Sold 8000 Pa...View the full answer

College Accounting A Contemporary Approach

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