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Home Q & A Board Other Fields Homework Help Business Accounting
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rhialways659 rhialways659
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A year ago

Koczela Incorporated has provided the following data for the month of May:

Inventories:

BeginningEnding
Work in process$17,000$12,000
Finished goods$46,000$50,000

Additional information:

Direct materials$57,000
Direct labor cost$87,000
Manufacturing overhead cost incurred$63,000
Manufacturing overhead cost applied to Work in Process$61,000

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The adjusted cost of goods sold that appears on the income statement for May is:



▸ $206,000

▸ $214,000

▸ $208,000

▸ $210,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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tswinson3tswinson3
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