Biology Forums - Study Force

Weyant Corporation has provided the following data concerning last month’s operations.

Direct materials	$18,000
Direct labor	$58,000
Manufacturing overhead applied to Work in Process	$75,000
Overapplied overhead	$ 6,000

	Beginning	Ending
Raw materials inventory	$13,000	$19,000
Work in process inventory	$64,000	$74,000
Finished goods inventory	$32,000	$40,000

The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?

▸ $173,000

▸ $127,000

▸ $133,000

▸ $141,000

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