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annyan annyan
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A year ago

Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:

Estimated total manufacturing overhead at the beginning of the year$ 546,000
Estimated direct labor-hours at the beginning of the year42,000direct labor-hours

Results of operations:

Actual direct labor-hours47,000direct labor-hours
Manufacturing overhead:
Indirect labor cost$ 152,000
Other manufacturing overhead costs incurred$ 454,000
Cost of goods manufactured$ 1,569,000
Cost of goods sold (unadjusted)$ 1,458,000

The adjusted Cost of Goods Sold for the year is:



▸ $1,603,000

▸ $1,458,000

▸ $1,453,000

▸ $1,463,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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tranle311tranle311
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A year ago
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annyan Author
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Brilliant ツ
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Thank you, thank you, thank you!
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Just got PERFECT on my quiz
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