Chapter 10, Problem 10.17BE

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What amount of ending finished goods inventory will be reported on the balance sheet under variable costing?

I am looking for the correct answer to this financial accounting question with appropriate explanations.

At what amount should the company's inventory be reported on the balance sheet

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General accounting question

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Bentley Enterprises estimated manufacturing overhead for the year at $420,000. Manufacturing overhead for the year was overapplied by $25,000. The company applied $380,000 to Work in Process. The amount of actual overhead would have been_____.