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Business, 19.07.2020 01:01 lashondrascott

Stanley Company uses a job cost system. Manufacturing overhead has been overallocated by $ 6 comma 300 for the year. Actual overhead incurred was $ 106 comma 000. Other balances are: Raw materials inventory at end of year $ 14 comma 300 Work in process inventory at end of year $ 31 comma 600 Finished goods inventory at end of year $ 42 comma 000 Unadjusted cost of goods sold for the year $ 290 comma 500 What will adjusted cost of goods sold be after closing manufacturing overhead?

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