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Direct Materials Used, Cost of Goods Manufactured In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $15,000. Overhead totaled $35,000
Direct Materials Used, Cost of Goods Manufactured
In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $15,000. Overhead totaled $35,000 for the month. Information on inventories was as follows:
March 1
March 31
Materials
$7,000
$8,700
Work in process
$1,600
$9,000
Finished goods
$8,000
$8,500
Required:
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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