Chavez Corporation reported the following data for the month of July: Inventories: Additional information:
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.The adjusted cost of goods sold that appears on the income statement for July is:
A) $218,000
B) $188,000
C) $203,000
D) $189,000

Question

Chavez Corporation reported the following data for the month of July: Inventories:  Additional information:
 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.The adjusted cost of goods sold that appears on the income statement for July is:
A) $218,000 
B) $188,000 
C) $203,000 
D) $189,000

Quizplus · Accepted Answer

The Answer of Chavez Corporation reported the following data for the month of July: Inventories:  Additional information:
 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.The adjusted cost of goods sold that appears on the income statement for July is:
A) $218,000 
B) $188,000 
C) $203,000 
D) $189,000

Chavez Corporation Reported the Following Data for the Month of July