Bega Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month.The company's cost of goods manufactured for October was $203,000 and its beginning and ending inventories were: During the month,the manufacturing overhead cost incurred was $63,000 and the manufacturing overhead cost applied was $61,000. The cost of goods sold that appears on the income statement for October and that has been adjusted for any underapplied or overapplied overhead is closest to:

Question

Bega Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month.The company's cost of goods manufactured for October was $203,000 and its beginning and ending inventories were:  During the month,the manufacturing overhead cost incurred was $63,000 and the manufacturing overhead cost applied was $61,000. The cost of goods sold that appears on the income statement for October and that has been adjusted for any underapplied or overapplied overhead is closest to:

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Bega Incuses a Job-Order Costing System in Which Any Underapplied or or Overapplied