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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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