11. BlueMountain Corporation, a manufacturing company, has provided data concerning its operation for July $37,000 Beginning Raw Materials $29,000 Ending balance: Raw Materials $57,000 Raw Materials purchased Manufacturing overhead cost incurred ($2,000 are indirect materials) $102,000 The direct materials cost for July was: A. $57,000 B. $55,000 c. $63,000 D. $65.000 E. None of the above. 12. Gray Company produces and sells a single product. The information about their operation for the last month is given below. How many units did they sell during the last month? Price per unit $10.00 Contribution margin ratio 40 % Fixed expenses $3,000.00 Operating leverage 2 A. 1,000 units B. 1,200 units C. 2,000 units D. 1,500 units E. None of the above