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    Adjusted cost of goods sold

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    Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $51,200 and at the end of the month was $30,100. The cost of goods manufactured for the month was $211,000. The actual manufacturing overhead cost incurred was $55,700 and the manufacturing overhead cost applied to Work in Process was $57,500. The adjusted cost of goods sold that would appear on the income statement for November is:

    $235,300
    $225,300
    $240,300
    $230,300

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    https://brainmass.com/business/cogs/adjusted-cost-of-goods-sold-201222

    Solution Preview

    Please find my response attached.

    First we need to calculate the Cost of Goods Sold (unadjusted)
    COGS ...

    Solution Summary

    The solutions answers the question(s) below.

    $2.19

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