Solved

Manufacturing Overhead Has an Overallocated Balance of $7,500;raw Materials Inventory

Question 293

Multiple Choice

Manufacturing overhead has an overallocated balance of $7,500;raw materials inventory balance is $62,000;work in process inventory is $34,000;finished goods inventory is $25,000;and cost of goods sold is $135,000.After adjusting for the overallocated manufacturing overhead,what is cost of goods sold?


A) $127,500
B) $7,500
C) $142,500
D) $135,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions