The balance in the finished goods inventory account

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Reference no: EM13864307

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $53,200 and at the end of the month was $46,700. The cost of goods manufactured for the month was $257,000. The actual manufacturing overhead cost incurred was $82,700 and the manufacturing overhead cost applied to Work in Process was $75,000. The adjusted cost of goods sold that would appear on the income statement for July is:

$250,500

$255,800

$271,200

$263,500

Reference no: EM13864307

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