Tusa Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year $638,250 Estimated direct labor-hours at the beginning of the year 37,000direct labor-hoursResults of operations: Actual direct labor-hours 34,000direct labor-hoursManufacturing overhead: Indirect labor cost$148,000 Other manufacturing overhead costs incurred$450,000 Cost of goods manufactured$1,611,000 Cost of goods sold (unadjusted)$1,518,000 The adjusted Cost of Goods Sold for the year is: (Round your intermediate calculations to 2 decimal places.)
A. $1,518,000
B. $1,642,000
C. $1,506,500
D. $1,529,500
Answer: D
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