Solution-Find the adjusted cost of goods sold

Find the adjusted cost of goods sold

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Question - Morton Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $49,000 and at the end of the month was $45,000. The cost of goods manufactured for the month was $226,000. The actual manufacturing overhead cost incurred was $74,000 and the manufacturing overhead cost allocated to Work in Process was $70,000. Find the adjusted cost of goods sold that would appear on the income statement for November?

Reference no: EM132862919

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Find the adjusted cost of goods sold

Reference no: EM132862919

Reference no: EM132862919

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