Gest IncHas Provided the Following Data for the Month of November

question 35

Multiple Choice

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 Work in Process 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

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Definitions:

Graph

A diagram showing the relation between variable quantities, typically of two variables measured along a pair of lines at right angles.

Reactants

Materials that exist before a chemical reaction starts and are used up to create end products during the reaction.

Hydrogen Ion Acceptor

A hydrogen ion acceptor, often a base in chemical terms, is a compound that is capable of accepting a hydrogen ion (H+) from another compound, thus participating in neutralization or buffer reactions.

FAD

Flavin adenine dinucleotide, a redox-active coenzyme associated with various proteins and involved in several important enzymatic reactions in metabolism.