Davidson Company's manufacturing overhead account showed a $6,200 under-allocated balance on December 31, 2019. Other accounts showed the following balances on December 31, 2019: Materials inventory $50,000 WIP inventory $30,000 Finished goods inventory $20,000 COGS $100,000 Davidson adjusts COGS for the balance in manufacturing overhead. The balance in COGS after closing out the balance in manufacturing overhead is:

Davidson Company's manufacturing overhead account showed a $6,200 under-allocated balance on December 31, 2019. Other accounts showed the following balances on December 31, 2019: Materials inventory $50,000 WIP inventory $30,000 Finished goods inventory $20,000 COGS $100,000 Davidson adjusts COGS for the balance in manufacturing overhead. The balance in COGS after closing out the balance in manufacturing overhead is:

FINANCIAL ACCOUNTING

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Question

Davidson Company's manufacturing overhead account
showed a $6,200 under-allocated balance on December
31, 2019. Other accounts showed the following balances on
December 31, 2019:
Materials inventory
$50,000
WIP inventory
$30,000
Finished goods inventory
$20,000
COGS
$100,000
Davidson adjusts COGS for the balance in manufacturing
overhead. The balance in COGS after closing out the
balance in manufacturing overhead is:

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