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Grayson Inc. has provided the following data for the month of October. The balance in the Finished Goods inventory account at the beginning of the month was $56,000 and at the end of the month was $52,000. The cost of goods manufactured for the month was $233,000. The actual manufacturing overhead cost incurred was $81,000 and the manufacturing overhead cost applied to Work-in-Process was $77,000. The adjusted cost of goods sold that would appear on the income statement for October is:
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Grayson Inc. has provided the following data for the month of October. The balance in the Finished G...
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