The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for September is closest to:

Question

Quizplus · Accepted Answer

The unadjusted cost of goods sold can be calculated by adding the beginning inventory to the cost of goods manufactured and subtracting the ending inventory. Using the given information, we have:
Beginning inventory: $271,000
Cost of goods manufactured: $797,300
Ending inventory: $213,200
Unadjusted cost of goods sold = Beginning inventory + Cost of goods manufactured - Ending inventory
= ($271,000 + $797,300 - $213,200)
= $855,100
Therefore, the closest option to the unadjusted cost of goods sold is B) $855,100.

The Unadjusted Cost of Goods Sold (In Other Words, the Cost