Vogel Corporation's cost of goods manufactured last month was $136,000. The beginning finished goods inventory was $35,000 and the ending finished goods inventory was $48,000. Overhead was overapplied by $6,000. Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.How much is the cost of goods available for sale on the Schedule of Cost of Goods Sold?

A) $171,000
B) $117,000
C) $123,000
D) $136,000

Question

Monyea Leone · Accepted Answer

Final Answer : A, Explanation :  The cost of goods available for sale is calculated as the sum of the beginning finished goods inventory ($35,000), the cost of goods manufactured ($136,000), and the adjustment for overapplied overhead ($6,000), totaling $171,000.

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