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Ciresi Corporation Manufactures One Product

Question 69

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Ciresi Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The company has provided the following information: Ciresi Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The company has provided the following information: The company does not have any variable manufacturing overhead costs and it recorded the following variances during the year: The adjusted Cost of Goods Sold after closing all of the variances to Cost of Goods Sold will be closest to: A) $1,066,952 B) $877,902 C) $730,330 D) $582,758 The company does not have any variable manufacturing overhead costs and it recorded the following variances during the year:
Ciresi Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The company has provided the following information: The company does not have any variable manufacturing overhead costs and it recorded the following variances during the year: The adjusted Cost of Goods Sold after closing all of the variances to Cost of Goods Sold will be closest to: A) $1,066,952 B) $877,902 C) $730,330 D) $582,758 The adjusted Cost of Goods Sold after closing all of the variances to Cost of Goods Sold will be closest to:


A) $1,066,952
B) $877,902
C) $730,330
D) $582,758

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