Vogel Corporation's cost of goods manufactured last month was $136,000. The beginning finished goods inventory was $35,000 and the ending finished goods inventory was $48,000. Overhead was overapplied by $6,000. Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
-How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A) $123,000
B) $171,000
C) $136,000
D) $117,000
Correct Answer:
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