Gurtner Corporation has provided the following data concerning last month's operations. Cost of goods manufactured$170,000Underapplied overhead$4,000 BeginningEndingFinished goods inventory$33,000$40,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A. $170,000
B. $203,000
C. $167,000
D. $163,000
Answer: C
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