Answer:
$209,000
Explanation:
Schedule of Cost of goods manufactured
Particulars Amount
Direct materials $64,000
Direct labor cost $94,000
Manuf. overhead cost applied to WIP <u>$68,000</u>
Total manufacturing costs $226,000
Add: WIP Inventory, Beginning $24,000
Less: WIP Inventory, Ending <u>$19,000</u>
Cost of goods manufactured $231,000
Add: Beginning Finished goods $53,000
Less: Ending Finished goods <u>$57,000</u>
Unadjusted cost of goods sold $207,000
Add: Underapplied manuf. overhead <u>$2,000 </u> ($70,000-$68,000)
Adjusted cost of goods sold <u>$209,000</u>
