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Henning Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month.The company has provided the following data for June:
-The unadjusted cost of goods sold (in other words,cost of goods sold before adjusting for any underapplied or overapplied overhead) for June is closest to:
Average Cost
The cost calculated by dividing the total cost of goods available for sale by the total units available for sale.
Financial Advantage
A benefit or edge that contributes to a stronger financial position relative to competitors or within the marketplace.
Constraint
A limitation under which a company must operate, such as limited available machine time or raw materials, that restricts the company’s ability to satisfy demand.
Current Profitability
A measure of a company's financial performance in the current period, often assessed through margins or net income.
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