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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 $56,000 and at the end of the month was $42,400. The cost of goods manufactured for the month was $234,000. The actual manufacturing overhead cost incurred was $168,100 and the manufacturing overhead cost applied to Work in Process was $158,000. The adjusted cost of goods sold that would appear on the income statement for July is?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9963219

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