A firm uses job$-$order costing.

Current period facts:

Actual overhead: $$104,688$

Applied overhead: $$104,905$

Budgeted overhead: $$108,698$

COGS balance $($before closing$)$: $$390,921$

If the firm closes overhead control to COGS, what will the COGS balance be after closing out the overhead control account?

Answer rating: 100% (QA)

To find the COGS balance after closing out the overhead control account we need to adjust th... View the full answer