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
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
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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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 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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