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In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information
In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information on inventories was as follows:
July 1 | July 31 | |
Materials | $6,820 | $7,810 |
Work in process | 770 | 1,320 |
Finished goods | 3,630 | 2,970 |
What was the cost of goods manufactured for July?
Group of answer choices
$70,500
$70,700
$76,560
$76,650
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