Gest Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $86,500 and at the end of the month was $78,750. The cost of goods manufactured for the month was $395,500. The actual manufacturing overhead cost incurred was $129,500 and the manufacturing overhead cost applied to jobs was $122,500. The adjusted cost of goods sold that would appear on the income statement for November is
Gest Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $86,500 and at the end of the month was $78,750. The cost of goods manufactured for the month was $395,500. The actual manufacturing overhead cost incurred was $129,500 and the manufacturing overhead cost applied to jobs was $122,500. The adjusted cost of goods sold that would appear on the income statement for November is
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Gest Inc. has provided the following data for the month of
November. The balance in the Finished Goods inventory
account at the beginning of the month was $86,500 and at the
end of the month was $78,750. The cost of goods
manufactured for the month was $395,500. The actual
manufacturing overhead cost incurred was $129,500 and the
manufacturing overhead cost applied to jobs was $122,500.
The adjusted cost of goods sold that would appear on the
income statement for November is
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