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In June, Olympic Company purchased materials costing $38,000, and incurred direct labor cost of $42,000. Overhead totaled $27,000 for the month. Information on inventories was
In June, Olympic Company purchased materials costing $38,000, and incurred direct labor cost of $42,000. Overhead totaled $27,000 for the month. Information on inventories was as follows: June 1 $3,000 Materials Work in process Finished goods Required: 1,000 2,500 June 30 $2,700 1,275 1,775 A. Calculate the cost of direct materials used during June. B. Calculate the total manufacturing cost for June. C. Calculate the cost of goods manufactured for June. D. Calculate the cost of goods sold for Jur
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