Acme Company had the following information for the year:
Direct materials used |
$118,000 |
Direct labor incurred (6,100 hours) |
$156,100 |
Actual manufacturing overhead incurred |
$242,000 |
Acme Company used a predetermined overhead rate of $41 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,700. What was adjusted cost of goods sold?