Question
1. In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories
1. In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories was as follows:
July 1 | July 31 | |
Materials | $4,500 | $2,500 |
Work in process | $ 700 | $1,200 |
Finished goods | $3,100 | $2,700 |
What was the cost of direct materials used in July?
Note. Enter numbers only-- do not use a dollar sign ($) or comma.
2. In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories was as follows:
July 1 | July 31 | |
Materials | $4,500 | $5,200 |
Work in process | $ 700 | $1,200 |
Finished goods | $3,100 | $2,700 |
What were the total manufacturing costs in July?
Note. Enter numbers only-- do not use a dollar sign ($) or comma.
3. In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $72,000. Overhead totaled $32,700 for the month. Information on inventories was as follows:
July 1 | July 31 | |
Materials | $5,400 | $5,200 |
Work in process | $ 700 | $1,200 |
Finished goods | $3,100 | $2,700 |
What was the cost of goods manufactured for July?
Note. Enter numbers only-- do not use a dollar sign ($) or comma.
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