Sign In Sign Up Ask an AI advisor
alizeleach0123
alizeleach0123
16.07.2019 • 
Business

Smallwood corporation has provided the following data concerning manufacturing overhead for january: picture the corporation's cost of goods sold was $223,000 prior to closing out its manufacturing overhead account. the corporation closes out its manufacturing overhead account to cost of goods sold.which of the following statements is true? a)manufacturing overhead for the month was overapplied by $5,000; cost of goods sold after closing out the manufacturing overhead account is $228,000b)manufacturing overhead for the month was underapplied by $5,000; cost of goods sold after closing out the manufacturing overhead account is $218,000c)manufacturing overhead for the month was underapplied by $5,000; cost of goods sold after closing out the manufacturing overhead account is $228,000d)manufacturing overhead for the month was overapplied by $5,000; cost of goods sold after closing out the manufacturing overh

Solved
Show answers

Ask an AI advisor a question

I want advice