The records of Denver Corporation revealed the following data for the current year. Work in Process...

 

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The records of Denver Corporation revealed the following data for the current year. Work in Process Finished Goods Cost of Goods Sold Direct Labor Direct Material P 73,150 115,000 133,650 111,600 84,200 Refer to Denver Corporation. Assume that Denver has underapplied overhead of P10,000 and that this amount is immaterial. What is the balance in Cost of Goods Sold after the underapplied overhead is closed? The records of Denver Corporation revealed the following data for the current year. Work in Process Finished Goods Cost of Goods Sold Direct Labor Direct Material P 73,150 115,000 133,650 111,600 84,200 Refer to Denver Corporation. Assume that Denver has underapplied overhead of P10,000 and that this amount is immaterial. What is the balance in Cost of Goods Sold after the underapplied overhead is closed?

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