Jones Organics manufacturers organic dog treats. They use a departmental method of allocating manufacturing overhead...
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Accounting
Jones Organics manufacturers organic dog treats. They use a departmental method of allocating manufacturing overhead costs. Department A is driven by DL hours. Department B is driven by machine hours. The relevant cost information is provided below:
Department ADepartment BEstimated MOH costs$320,400$306,500Actual MOH costs$315,100$298,200Estimated DL hours56,50047,900Actual DL hours50,20045,900Estimated machine hours22,30020,600Actual machine hours19,10017,500Jones Organics reported an unadjusted COGS balance of $394,900 on their financial statements. Assuming the MOH variance is immaterial, what is the adjusted COGS balance? Give your answer to the nearest whole dollar. Do not include the "$" sign.
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