Gest Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $49,000 and at the end of the month was $45,000. The cost of goods manufactured for the month was $226,000. The actual manufacturing overhead cost incurred was $74,000 and the manufacturing overhead cost applied to jobs was $70,000. The adjusted cost of goods sold that would appear on the income statement for November is:
A) $226,000
B) $230,000
C) $222,000
D) $234,000
Correct Answer:
Verified
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