Gurtner Corporation has provided the following data concerning last month's operations. Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $203,000
B) $163,000
C) $170,000
D) $167,000

Question

Gurtner Corporation has provided the following data concerning last month's operations.

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $203,000
B) $163,000
C) $170,000
D) $167,000

Bubblie Blondie · Accepted Answer

Final Answer : B, Explanation :  The unadjusted cost of goods sold is calculated by adding the beginning inventory to the cost of goods manufactured and subtracting the ending inventory. Using the provided data, the calculation is: $18,000 + $160,000 - $15,000 = $163,000.

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