Compute what amount burke will report as cost of goods sold


Brief Exercise 158 The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,000.

Raw Materials Inventory $40,000
Finished Goods Inventory 60,000
Work in Process Inventory 100,000
Cost of Goods Sold 730,000

Compute what amount Burke will report as cost of goods sold after it disposes of its overapplied overhead.

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Accounting Basics: Compute what amount burke will report as cost of goods sold
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