Refer to the information for Chilton Company on the shown below. In March, Chilton Company purchased materials
Question:
In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows:
Required:
What was the cost of goods sold for March?
Transcribed Image Text:
Materials Work in process Finished goods March March 31 $7,200 $8,600 9,000 7,000 9,500 1,700
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Materials inventory March 1 7200 Materials purchases in March 12000 Materials inventory March 31 86...View the full answer
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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