The following data from the just completed year are taken from the accounting records of Ball Company: Sales $600,000 Direct labor cost $70,000 Raw material purchases $120,000 Selling expenses $140,000 Administrative expenses $60,000 Manufacturing overhead applied to work in progress $90,000 Actual manufacturing overhead $100,000 Inventory balances at the beginning and end of the period were as follows: Beginning Inventory Ending Inventory Raw Materials $10,000 $15,000 Work in Process $70,000 $80,000 Finished Goods $20,000 $60,000 Ball applies overhead to work in process and then adjusts the cost of goods sold to actual. What is Ball Company's Adjusted Cost of Goods Sold? Format your answer with just numbers (no dollar sign).

The following data from the just completed year are taken from the accounting records of Ball Company: Sales $600,000 Direct labor cost $70,000 Raw material purchases $120,000 Selling expenses $140,000 Administrative expenses $60,000 Manufacturing overhead applied to work in progress $90,000 Actual manufacturing overhead $100,000 Inventory balances at the beginning and end of the period were as follows: Beginning Inventory Ending Inventory Raw Materials $10,000 $15,000 Work in Process $70,000 $80,000 Finished Goods $20,000 $60,000 Ball applies overhead to work in process and then adjusts the cost of goods sold to actual. What is Ball Company's Adjusted Cost of Goods Sold? Format your answer with just numbers (no dollar sign).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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