Manufacturing overhead has an overallocated balance of $7800; raw materials inventory balance is $62,900; work in process inventory is $34,300; finished goods inventory is $25,600; and cost of goods sold is $135,500. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold?

Question

Quizplus · Accepted Answer

The overallocated manufacturing overhead of $7,800 should be subtracted from the cost of goods sold, reducing it from $135,500 to $127,700.

Manufacturing Overhead Has an Overallocated Balance of $7800; Raw Materials