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Florentine Inc, has provided the following data for its first month in business: Work in Process Finished Goods Cost of Goods Sold Direct Material $2,380 $16,790 $43,930 Direct Labor $1,710 $16,060 $42,020 Overhead Applied $1,520 $9,880 $26,600 Actual manufacturing overhead was $31,000. The Cost of Goods Sold balance at the end of the month after allocation of any underapplied or overapplied manufacturing overhead for the month, using proration based on manufacturing overhead applied in ending balances, is closest to:
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Florentine Inc, has provided the following data for its first month in business: Work in Process Fin...
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