Homework Answers
Answer) $68000
Reason: If overhead cost applied is high, It was over applied. "Thus, cost of jobs was overstated or we charges too much to the job". So companies generally adjust the same from cost of goods sold i.e Less the amount of over. And
Total cost of manufacturing is $71000 out of which $1000 is still lying with us in the form of finished goods so we will less this also from total cost for the purpose of calculating Cost of goods sold.
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