Cerrone Inc

question 155

Multiple Choice

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $39,000 and at the end of the month was $47,000. The cost of goods manufactured for the month was $188,000. The actual manufacturing overhead cost incurred was $71,000 and the manufacturing overhead cost applied to Work in Process was $67,000. The adjusted cost of goods sold that would appear on the income statement for July is:

• A)$196,000
• B)$184,000
• C)$180,000
• D)$188,000

---

Definitions:

Mitochondria

Membrane-bound organelles found in the cytoplasm of eukaryotic cells, involved in cellular respiration and energy production.

Messenger RNA

A type of RNA that conveys genetic information from DNA to the ribosome, where it serves as a template for protein synthesis.

Cytoplasm

A jelly-like substance within a cell that contains the organelles, enclosed by the cell membrane.

Ribosomes

Cell organelles responsible for protein synthesis.