Question

Waldbauer Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed...

Waldbauer Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. In October the company completed job N66B that consisted of 10,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job N66B shows the following costs: Beginning balance $ 41,000 Direct materials $251,000 Direct labor cost $ 98,000 Manufacturing overhead cost applied $192,000 During the month, the actual manufacturing overhead cost incurred was $183,200 and 3,000 completed units from job N66B were sold. No other products were sold. The cost of goods sold that would appear on the income statement for October is closest to: $183,400 $573,210 $165,800 $582,000

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