Accounting Information Systems 9th Edition
Accounting Information Systems 9th Edition
9th Edition
ISBN: 9781305756700
Author: Hall
Publisher: CENGAGE C
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Chapter 17, Problem 13DQ
To determine

Explain the complexity in creation of flat file.

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Griffin Manufacturing reported an unadjusted cost of goods sold (COGS) of $105,000 for the year 20X2. During the year, the company experienced several variances, including a $6,000 unfavorable direct labor efficiency variance, a $2,500 favorable direct labor rate variance, a $5,500 unfavorable direct materials price variance, and a $4,000 unfavorable direct materials usage variance. There were no overhead variances reported. Based on this information, what is Griffin Manufacturing’s adjusted cost of goods sold for 20X2?
Please explain the solution to this general accounting problem using the correct accounting principles.
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