Okay, let’s calculate the year end adjustment for overhead. Based on the data below, determine the amount of the year end adjustment to cost

Question

Okay, let’s calculate the year end adjustment for overhead. Based on the data below, determine the amount of the year end adjustment to cost of goods sold due to over or under allocated manufacturing overhead during the year

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Hồng Cúc 3 years 2021-07-30T09:02:00+00:00 1 Answers 118 views 0

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  1. trucchi
    0
    2021-07-30T09:03:04+00:00
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    Answer:

    the adjustment made to the cost of goods sold is -$2,014

    Step-by-step explanation:

    The computation of the adjustment made to the cost of goods sold is given below:

    Total actual overhead expenses $110,822

    Less: Total overheads allocated -$112,836

    Adjustment made to the cost of goods sold -$2,014

    Hence, the adjustment made to the cost of goods sold is -$2,014

    The same should be considered

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