LX8955 company has provided the following data for a month. The balance in the Finished Goods inventory account at the beginning of the month was $67000 and at the end of the month was $31,500. The cost of goods manufactured for the month was $219,500, The actual manufacturing overhead cost incurred was $59,500 and the manufacturing overhead cost applied to Work in Process was $64,000, 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 LX8955 company's income statement for the month is Multiple Choice S184,000 $255.000 $250,500 $219,500

LX8955 company has provided the following data for a month. The balance in the Finished Goods inventory account at the beginning of the month was $67000 and at the end of the month was $31,500. The cost of goods manufactured for the month was $219,500, The actual manufacturing overhead cost incurred was $59,500 and the manufacturing overhead cost applied to Work in Process was $64,000, 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 LX8955 company's income statement for the month is Multiple Choice S184,000 $255.000 $250,500 $219,500

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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