Multiple Choice Question To calculate the adjusted cost of goods sold ______. Multiple choice question. add underapplied overhead to or subtract overapplied overhead from unadjusted cost of goods sold add underapplied overhead to or subtract overapplied overhead from cost of goods manufactured subtract underapplied overhead from or add overapplied overhead to cost of goods manufactured subtract underapplied overhead from or add overapplied overhead to unadjusted cost of goods sold