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onlineerica onlineerica
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A year ago

The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. During the year the company's Finished Goods inventory account was debited for $125,000 and credited for $110,000. The ending balance in the Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead was overapplied by $4,500.

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



▸ $28,000

▸ $13,000

▸ $17,500

▸ $8,500
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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tulipfiascotulipfiasco
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Correct Slight Smile TY
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