Information from the records of Morton Manufacturing for the month of June is as follows:

Purchases of raw materials ... $ 32,000 Plant utilities and power ........... $11,000

Direct labor .......................... 22,500 Raw materials inventory, June 1 15,000

Supplies used in production... 2,500 Raw materials inventory, June 30.. 28,000

Sales commissions paid .... 4,500 Work-in-process inventory, June 1 47,500

Material handling... 3,000 Work-in-process inventory, June 30.. 42,000

Salary, sales supervision ... 9,000 Finished goods inventory, June 1...... 23,000

Advertising .... 2,400 Finished goods inventory, June 30.... 12,000

What was the amount of cost of goods manufactured for the month?

Information from the records of Morton Manufacturing for the month of June is as follows:

Purchases of raw materials ... $ 32,000 Plant utilities and power ........... $11,000

Direct labor .......................... 22,500 Raw materials inventory, June 1 15,000

Supplies used in production... 2,500 Raw materials inventory, June 30.. 28,000

Sales commissions paid .... 4,500 Work-in-process inventory, June 1 47,500

Material handling... 3,000 Work-in-process inventory, June 30.. 42,000

Salary, sales supervision ... 9,000 Finished goods inventory, June 1...... 23,000

Advertising .... 2,400 Finished goods inventory, June 30.... 12,000

What was the amount of cost of goods manufactured for the month?

$78,500

$63,500

$58,000

$69,000