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:

Manipulative Technique

A method used in physical therapy, chiropractic, and osteopathy that involves manually moving or exercising joints or muscles to improve health and alleviate pain.

Acupressure

The application of pressure rather than needles to the points used in acupuncture.

Chiropractic Practitioners

Healthcare professionals who focus on the diagnosis and treatment of neuromuscular disorders, with an emphasis on treatment through manual adjustment and/or manipulation of the spine.

Doctoral Degree

The highest level of academic degree awarded by universities, recognizing the recipient has completed a substantial body of original research in a specific field.