Cerrone Inc. has provided the following data for the month ofJuly. The balance in the Finished Goods inventory account at thebeginning of the month was $51,500 and at the end of the month was$47,250. The cost of goods manufactured for the month was $237,300.The actual manufacturing overhead cost incurred was $77,700 and themanufacturing overhead cost applied to jobs was $73,500. Theadjusted cost of goods sold that would appear on the incomestatement for July is:
$237,300 $241,500 $233,100 $245,750
