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Accounting

Problem:

Sanders Manufacturing has the following amounts listed before reconciling the overhead variance.

Estimated overhead	$760,000
Applied overhead	756,000
Actual overhead	740,000
Cost of goods sold	935,000

Required:

Assuming that any overhead variance is immaterial, calculate the adjusted Cost of Goods Sold after adjusting for the overhead variance.

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165611

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