Warden 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 March was $152,000 and its beginning and ending inventories were: 
During the month, the manufacturing overhead cost incurred was $59,000 and the manufacturing overhead cost applied was $63,000.
Required:
Determine the cost of goods sold that would appear on the income statement for March; in other words, determine the cost of goods sold after adjustment for any underapplied or overapplied overhead. Show your work!
Definitions:
Consumption Environment
The setting or surroundings in which consumers engage with products or services, influencing purchasing behaviors.
Heuristic Processing
A mental shortcut that allows individuals to solve problems and make judgments quickly and efficiently, often relying on simple rules of thumb or educated guesses.
Marketing Messages
Communications directed towards consumers with the intention of influencing their perceptions, beliefs, or behaviors towards a product or service.
Shopping Type
Categorization of shopping based on the consumer's behavior, preferences, and motivations during the purchasing process.
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