Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $52,900 and at the end of the month was $43,300. The cost of goods manufactured for the month was $259,000. The actual manufacturing overhead cost incurred was S154,800 and the manufacturing overhead cost applied to Work in Process was $143,000. The adjusted cost of goods sold that would appear on the income statement for July is: S280,400 S249,400 S268,600 $256,800

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $52,900 and at the end of the month was $43,300. The cost of goods manufactured for the month was $259,000. The actual manufacturing overhead cost incurred was S154,800 and the manufacturing overhead cost applied to Work in Process was $143,000. The adjusted cost of goods sold that would appear on the income statement for July is: S280,400 S249,400 S268,600 $256,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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