LX2747 company has provided the following data for a month. The balance in the Finished Goods inventory account at the beginning of the month was $68,000 and at the end of the month was $31,600. The cost of goods manufactured for the month was $220,000. The actual manufacturing overhead cost incurred was $59,800 and the manufacturing overhead cost applied to Work in Process was $64,400. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on LX2747 company's income statement for the month is: Multiple Choice $220,000 $183,600 $256,400 $251,800

LX2747 company has provided the following data for a month. The balance in the Finished Goods inventory account at the beginning of the month was $68,000 and at the end of the month was $31,600. The cost of goods manufactured for the month was $220,000. The actual manufacturing overhead cost incurred was $59,800 and the manufacturing overhead cost applied to Work in Process was $64,400. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on LX2747 company's income statement for the month is: Multiple Choice $220,000 $183,600 $256,400 $251,800

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

LX2747 company has provided the following data for a month. The balance in the Finished Goods inventory account at the
beginning of the month was $68,000 and at the end of the month was $31,600. The cost of goods manufactured for the month was
$220,000. The actual manufacturing overhead cost incurred was $59,800 and the manufacturing overhead cost applied to Work in
Process was $64,400. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The
adjusted cost of goods sold that would appear on LX2747 company's income statement for the month is:
Multiple Choice
$220,000
$183,600
$256,400
$251,800
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