Example #$7($Chapter $3)$:

ABC, Inc. has provided the following data for the month of May. The balance in the Finished Goods inventory acocourt int the beginning of the month was $$67,000$ and at the end of the month was $$31,500.$ The cost of goods manufaclured for the month was $$219,500.$ The actual manufacturing overhead cost incurred was $$59,500$ and the manuladuring manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for May is: A$)$ $$250,500$

B$)$ $$184,000$

C$)$ $$255,000$

D$)$ $$219,500$