Emigh corporation’s cost of goods manufactured for the just completed month was $146,000 and its overhead was overapplied by $5,000. the beginning finished goods inventory was $35,000 and the ending finished goods inventory was $37,000.the company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. how much was the adjusted cost of goods sold on the schedule of cost of goods sold?

(a) $144,000
(b) $146,000
(c) $181,000
(d) $139,000

(D) $139,000

Explanation:

The computation of the adjusted cost of goods sold is shown below:

= Beginning balance of finished goods inventory + cost of goods manufactured -  ending balance of finished goods inventory - over-applied overhead

= $35,000 + $146,000 - $37,000 - $5,000

= $139,000

The Beginning balance of finished goods inventory + cost of goods manufactured is called cost of goods available for sale.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer; closing the loop;