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:
Verified
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