In the past year bellevue co had total tevenues of 2 , 5 0 0 , 0
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Question:
In the past year bellevue co had total tevenues of cost of goods of before adjustment for over or underapplied overhead administrative expenses of and selling expenses of During the year overhead was applied using predetermined rate of percent of direct labor cost. Actual direct labor was Actual overhead was The ending balances in the inventory accounts are raw materials inventory work in process inventory finished goods inventory
Calculate net income treating the amounts ofboverapplied overhead as immaterial and assigning is to cost of goods sold .
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