Chavez Corporation reported the following data for the month of July:
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:
  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

11ea7761_18fc_919d_81a5_f39f88b6898d_TB2580_00 Overhead over or underapplied
 11ea7761_18fc_b8ae_81a5_ff37a18e4337_TB2580_00 11ea7761_18fc_b8af_81a5_a9a1aa5a2bfe_TB2580_00

Chavez Corporation Reported the Following Data for the Month of July