The Precision Widget Company had the following balances in their accounts at the end of the accounting
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The Precision Widget Company had the following balances in their accounts at the end of the accounting period:
Work-in-Process .....................$5,000
Finished Goods ....................$20,000
Cost of Goods Sold ...........$200,000
If their manufacturing overhead was over allocated by $8,000 and Precision Widget adjusts their accounts using a proration based on total ending balances, the revised ending balance for Cost of Goods Sold would be?
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Computation of the Revised Amount of Cost of Goods Sold 8000 Pa...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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