What was the cost of goods sold
The balance in the Finished Goods Inventory account on July 1, 2004, was $34,000 and the June 30, 2005, balance in the Finished Goods Inventory account was $41,000. If the cost of goods manufactured was $200,000, what was the cost of goods sold?
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Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $67,000 and the total of the credits to the account was $57,000
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