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The balance in the Finished Goods inventory account at the beginning of the month was $50,500 and at the end of the month was $36,900.
The balance in the Finished Goods inventory account at the beginning of the month was $50,500 and at the end of the month was $36,900. The cost of goods manufactured for the month was $244,000. The actual manufacturing overhead cost incurred was $133,600 and the manufacturing overhead cost applied to Work in Process was $122,000. The adjusted cost of goods sold that would appear on the income statement for July is:
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