Question
Direct Materials Used, Cost of Goods Manufactured In March, Chilton Company purchased materials costing $25,000 and incurred direct labor cost of $10,000. Overhead totaled $42,000
Direct Materials Used, Cost of Goods Manufactured In March, Chilton Company purchased materials costing $25,000 and incurred direct labor cost of $10,000. Overhead totaled $42,000 for the month. Information on inventories was as follows: Required:
March 1st Materials: $14,000, Work in Progress $8,000, Finished Goods, $9,000
March 31st Materials: $6,500,Work in Progress $4,000, Finished Goods $7,000
1. What was the cost of direct materials used in March? $
2. What was the total manufacturing cost in March? $
3. What was the cost of goods manufactured for March? $
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