MANAGERIAL ACCT(LL)+CONNECT+PROCTORIO PL
MANAGERIAL ACCT(LL)+CONNECT+PROCTORIO PL
17th Edition
ISBN: 9781265574826
Author: Garrison
Publisher: MCG
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Chapter 3, Problem 13F15
To determine

Adjusted cost goods sold: Cost of Goods Sold (COGS) needs to be adjusted, because company has over applied overhead. So, the applied amount should be deducted, or else it would reduce the net operating profit of the company.

The amount of adjusted cost of goods sold.

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Cost Accounting - Definition, Purpose, Types, How it Works?; Author: WallStreetMojo;https://www.youtube.com/watch?v=AwrwUf8vYEY;License: Standard YouTube License, CC-BY