The following amounts were reported by Burke Company before adjusting its immaterial over-applied manufacturing overhead of....................................$8,000. Raw
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Raw Materials Inventory...............................................$40,000
Finished Goods Inventory..............................................60,000
Work in Process Inventory............................................100,000
Cost of Goods Sold....................................................770,000
Compute what amount Burke will report as cost of goods sold after it disposes of its over-applied overhead.
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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