Gagnon Corporation's cost of goods manufactured for the just completed month was $146,000 and...

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Accounting

Gagnon Corporation's cost of goods manufactured for the just completed month
was $146,000 and its overhead was underapplied by $5,000. The beginning
finished goods inventory was $35,000 and the ending finished goods inventory was
$37,000. The company closes out any underapplied or overapplied manufacturing
overhead to cost of goods sold. How much was the adjusted cost of goods sold on
the Schedule of Cost of Goods Sold?
a. $149,000
b. $146,000
c. $181,000
d. $139,000
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