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 $53,000 and at the end of the month was $30,100. The cost of goods manufactured for the month was $212,500. The actual manufacturing overhead cost incurred was $55,300 and the manufacturing overhead cost applied to Work in Process was $58,400. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:

$232,300

Explanation:

With regards to the above information, and given that;

Actual overhead = $55,300

Applied overhead = $58,400

Over applied overhead = $58,400 - $55,300 = $3,100

Unadjusted cost of goods sold

= $53,000 + $212,500 - $30,100

= $235,400

Therefore, the adjusted cost of goods sold

= $235,400 - $3,100

= $232,300

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

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use the left lane to pass other cars traveling your direction.

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be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation: