In July, Yellow Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Inventory account balances were: 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 sold for July? $71,300 $69,600 $77.220 $71.100 Which of the following is considered part of the Controlling activity of managerial accounting? Choosing to eliminate non-value-added activities Comparing actual performance to the budgeted expectations Choosing to purchase raw materials from one supplier versus another Choosing the allocation base for allocating overhead Last year, Green Company incurred the following costs: Direct Materials Used $42,000 Direct Labor $63,000 Manufacturing Overhead $94,500 Selling Expenses $25,200 Administrative Expenses $23,100 Green Company produced and sold 2,060 units at a sales price of $131.25 each. Assume that beginning and ending balances in all inventory accounts were zero. What was the gross margin per unit? $95.50 $34.41 $7.56 $125.25