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The cost of goods manufactured for the month was $145,000. The beginning finished goods inventory was $30,000 and the ending finished goods inventory was $40,000. Overhead was under applied by $7,000. How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?

The cost of goods manufactured for the month was $145,000. The beginning finished goods inventory was $30,000 and the ending finished goods inventory was $40,000. Overhead was under applied by $7,000. How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?

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The cost of goods manufactured for the month was $145,000. The beginning finished goods inventory was $30,000 and the ending finished goods inventory was $40,000. Overhead was under applied by $7,000. How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
Transcribed Image Text:The cost of goods manufactured for the month was $145,000. The beginning finished goods inventory was $30,000 and the ending finished goods inventory was $40,000. Overhead was under applied by $7,000. How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
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