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Echher Corporation uses a job-order costing system and applies overhead to jobs using a ...

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Echher Corporation uses a job-order costing system and applies overhead to jobs using a ...

Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for $218,000 and credited for $218,500. The ending balance in the Finished Goods inventory account was $13,000. At the end of the year, manufacturing overhead was overapplied by $36,700.

The balance in the Finished Goods inventory account at the beginning of the year was:

▸ $13,500

▸ $36,700

▸ $500

▸ $13,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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