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 $64,000 and at the end of the month was $31,200. The cost of goods manufactured for the month was $218,000. The actual manufacturing overhead cost incurred was $58,600 and the manufacturing overhead cost applied to Work in Process was $62,800. 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:

The adjusted cost of goods sold that would appear on the income statement for November is:=$246,600

Explanation:

Beginning finished goods inventory      $64,000

Add: Cost of goods manufactured           $218,000

Cost of goods available for sale                $282,000

Less: Ending finished goods inventory         $31,200

Unadjusted cost of goods sold                     $250,800

Less: over applied overhead

 Over applied manufacturing overhead cost = manufacturing overhead cost directed to Work in Process - Actual manufacturing overhead cost incurred    =$62,800- $58,600= 4,200

Adjusted cost of goods sold                $250,800 -$4,200 =$246,600

the answerr would be 1