Held Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $1,000.
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
-The cost of goods sold for June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
Definitions:
Q18: The equation "Ending balance in retained earnings
Q51: The overhead applied to each unit of
Q64: The following entry would be used to
Q90: The overhead applied to each unit of
Q91: If the company allocates all of its
Q155: Kretlow Corporation has provided the following data
Q168: Johansen Corporation uses a predetermined overhead rate
Q196: Trevigne Corporation uses a predetermined overhead rate
Q238: If the company marks up its unit
Q255: The entry to dispose of the underapplied