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 cost of goods available for sale on the Schedule of Cost of Goods Sold?
A) $203,000
B) $170,000
C) $167,000
D) $163,000

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 cost of goods available for sale on the Schedule of Cost of Goods Sold?
A) $203,000 
B) $170,000 
C) $167,000 
D) $163,000

Quizplus · Accepted Answer

The cost of goods available for sale is the sum of beginning finished goods inventory ($27,000) and cost of goods manufactured ($176,000), which is $203,000.

Gurtner Corporation Has Provided the Following Data Concerning Last Month's