Mowers Inc

question 74

Multiple Choice

Mowers 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.During December,the cost of goods manufactured was $126,000 and manufacturing overhead was underapplied by $5,000.The beginning finished goods inventory was $31,000 and the ending finished goods inventory was $35,000.
-The cost of goods sold that appears on the income statement for December and that has been adjusted for any underapplied or overapplied overhead is closest to:

• A)$130,000
• B)$126,000
• C)$117,000
• D)$127,000

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Definitions:

Tumor

An abnormal growth of tissue that can be benign (non-cancerous) or malignant (cancerous), arising from an uncontrolled division of cells.

Surgery

A medical procedure involving the manual and instrumental techniques to investigate or treat a pathological condition such as disease or injury.

Amnesiac

A person suffering from amnesia, which is a condition that results in the loss of memories, such as facts, information, and experiences.

Long-term Memories

Memories that can be retained for extended periods of time, ranging from days to decades, and include events, facts, and experiences.