Question
In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 for the month. Information on inventories was
In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 for the month. Information on inventories was as follows:
july 1 july 31
MATERIALS $6,200 $7,100
WORK IN PROCESS $700 $1,200
FINISHED GOODS $3,300 $2,700
1a. What was the cost of goods manufactured for July?
1b. What were the total manufacturing costs in July?
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A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management
Authors: Ushe Makambe
1st Edition
365951960X, 978-3659519604
