The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8000. Raw Materials Inventory $ 40 , 000 Finished Goods Inventory 60 , 000 Work in Process Inventory 100 , 000 Cost of Goods Sold 730 , 000 \begin{array}{lr} ext { Raw Materials Inventory } & \$ 40,000 \ ext { Finished Goods Inventory } & 60,000 \ ext { Work in Process Inventory } & 100,000 \ ext { Cost of Goods Sold } & 730,000\end{array} Raw Materials Inventory Finished Goods Inventory Work in Process Inventory Cost of Goods Sold $40 , 000 60 , 000 100 , 000 730 , 000 InstructionsCompute what amount Burke will report as cost of goods sold after it disposes of its overapplied overhead.

Question

The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8000.    Raw Materials Inventory  $ 40 , 000  Finished Goods Inventory  60 , 000  Work in Process Inventory  100 , 000  Cost of Goods Sold  730 , 000 \begin{array}{lr}	ext { Raw Materials Inventory }  &  \$ 40,000 \	ext { Finished Goods Inventory }  &  60,000 \	ext { Work in Process Inventory }  &  100,000 \	ext { Cost of Goods Sold }  &  730,000\end{array}  Raw Materials Inventory   Finished Goods Inventory   Work in Process Inventory   Cost of Goods Sold  ​ $40 , 000 60 , 000 100 , 000 730 , 000 ​   InstructionsCompute what amount Burke will report as cost of goods sold after it disposes of its overapplied overhead.

Huong Nguyen · Accepted Answer

Final Answer : $730000 - $8000 = $722000

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