In March, AEK Company purchased materials costing $14,000 and incurred direct labour cost of $20,000. Overhead totalled $36,000 for the month. Information on inventories was as follows:

Required:
1. What was the cost of direct materials for March?
2. What was the total manufacturing cost in March?
3. What was the cost of goods manufactured for March?

Transcribed Image Text:

March 1 March 31 Materials Work in process Finished goods $2,300 9,000 $8,600 7,000 6,500