Manufacturing Overhead Has an Overallocated Balance of $7,500;raw Materials Inventory

question 293

Multiple Choice

Manufacturing overhead has an overallocated balance of $7,500;raw materials inventory balance is $62,000;work in process inventory is $34,000;finished goods inventory is $25,000;and cost of goods sold is $135,000.After adjusting for the overallocated manufacturing overhead,what is cost of goods sold?

• A)$127,500
• B)$7,500
• C)$142,500
• D)$135,000

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Definitions:

Property Sheet

A graphical interface that allows users to view and edit the properties of a selected object in software applications.

Conditional Formatter

A feature in data management and visualization tools that changes the appearance of data based on certain conditions or criteria to highlight or distinguish important information.

Format Painter

A tool in many software applications that allows you to copy formatting from one object or text selection and apply it to another.

Shape Effects

Visual effects that can be applied to shapes in graphic design and presentation software to enhance their appearance.