Clyde Company gathered the following information for the year ended December 31, 2009:
Clyde Company uses a job order costing system.
Assume that manufacturing overhead is underallocated on December 31, 2009, by $17,000. After closing out manufacturing overhead, what would the balance be in cost of goods sold?
A) $152,000
B) $143,500
C) $160,500
D) $118,000
Correct Answer:
Verified
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