Lewis Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month.In October the company completed job P70C that consisted of 25,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job P70C shows the following costs: During the month,the actual manufacturing overhead cost incurred was $334,500 and 13,000 completed units from job P70C were sold.No other products were sold during the month.
-The cost of goods sold that would appear on the income statement for October,after adjustment for any underapplied or overapplied overhead,is closest to:

Question

Lewis Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month.In October the company completed job P70C that consisted of 25,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job P70C shows the following costs:  During the month,the actual manufacturing overhead cost incurred was $334,500 and 13,000 completed units from job P70C were sold.No other products were sold during the month.
-The cost of goods sold that would appear on the income statement for October,after adjustment for any underapplied or overapplied overhead,is closest to:

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11eaaee8_6774_e0b5_933a_33247c8ac0dd_TB5186_00

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