Solution-What the balance in the cost of goods sold account

What the balance in the cost of goods sold account

Assignment Help Cost Accounting

Reference no: EM132634669

Information regarding a company's year-end account balances is shown below.

Account Balance (Before Proration) Allocated Overhead in Each Balance

Direct material inventory $ 100,000 $ 0

Work-in-process inventory 25,000 10,000

Finished goods inventory 225,000 100,000

Cost of goods sold 2,250,000 890,000

Question 1: If the company's overhead was overapplied by $90,000 and the company uses the most accurate method of prorating overapplied or underapplied overhead, the balance in the cost of goods sold account after proration would be

A. $2,330,100

B. $2,172,115

C. $2,169,000

D. $2,169,900

Reference no: EM132634669

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What the balance in the cost of goods sold account

Reference no: EM132634669

Reference no: EM132634669

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