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In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was
In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows: Mar 1 Mar 31 Materials 7,200 8,600 Work in process 1,700 9,000 Finished goods 7,000 9,500 What was the cost of direct materials used in March? What was the total manufacturing cost in March? What was the cost of goods manufactured for March? #9 What was the cost of goods sold for March?
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