Business, 18.03.2021 01:30 jeremiah1212

Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had applied overhead costs of $61,250 and $21,100 in them, respectively. There was no Work-in-Process at the beginning or end of 2016. During the year, manufacturing overhead costs of $78,600 were actually incurred. The balance in the Applied Manufacturing Overhead was $82,350 at the end of 2016. If the under- or overapplied overhead is prorated between Cost of Goods Sold and the inventory accounts, how much will be the Cost of Goods Sold after the proration (total)

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Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Fin...