Question

The beginning balance in the Finished Goods account was $56,100 and the ending balance was $50,900....

The beginning balance in the Finished Goods account was $56,100 and the ending balance was $50,900. The cost of goods manufactured for the month was $279,000. Actual overhead cost was $81,500 while the applied overhead cost was $77,000. The adjusted cost of goods sold amount (after disposing of over or under-applied overhead) that would appear on the income statement is:

a.$288,700

b. $273,800

c. $284,200

d. $279,700

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