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Please show me how to do this problem. The Precision Widget Company had the following balances in their accounts at the end of the accounting period: Work-in-Process $5000 Finished Goods 20,000

Please show me how to do this problem. The Precision Widget Company had the following balances in their accounts at the end of the accounting period:
Work-in-Process $5000
Finished Goods 20,000
Cost of Goods Sold 200,000

If their manufacturing overhead was overallocated by $8,000 and Precision Widget adjusts their accounts using a proration based on total ending balances, the revised ending balance for Cost of Goods Sold would be

Aug 17 2021 View more View Less

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