Dandee Company has the following information for July: Cost of direct materials used in production...........$ 84,000 Direct
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Dandee Company has the following information for July:
Cost of direct materials used in production...........$ 84,000
Direct labor..................................................................110,000
Factory overhead..........................................................56,000
Work in process inventory, July 1................................41,000
Work in process inventory, July 31..............................37,000
Finished goods inventory, July 1..................................47,000
Finished goods inventory, July 31.................................34,000
For July, determine (a) the cost of goods manufactured and (b) the cost of goods sold.
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