Bradley Company uses a job cost system. Manufacturing overhead has been overapplied by $4,200 for the year. Actual overhead incurred was $96,000. Other balances are:
Raw materials inventory at end of year | $12,000 |
Work in process inventory at end of year | $31,500 |
Finished goods inventory at end of year | $41,500 |
Unadjusted cost of goods sold for the year | $280,000 |
What will be adjusted cost of goods sold after closing manufacturing overhead?
◦ $275,800
◦ $284,200
◦ $225,500
◦ $242,700