Question

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. Cost of goods sold $

Answer 1

Answer:$722,000

Explanation:

The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.