Reference no: EM132528572

Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In May the company completed job N29W that consisted of 15,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job N29W shows that the job's total cost was $732,000. During the month, the actual manufacturing overhead cost incurred was $277,800 and the manufacturing overhead cost applied was $265,500. And during the month, 6,000 completed units from job N29W were sold. No other products were sold during the month.

Question 1: The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for May is closest to: