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Category > Management Posted 26 Mar 2018 My Price 6.00

Chilton Company

Exercise 13-42 DIRECT MATERIALS USED, COST OF GOODS MANUFACTURED

In March, Chilton Company purchased materials costing $14,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inven- tories was as follows:

 

 

 

March 1

March 31

Materials

$8,600

$2,300

Work in process

1,700

9,000

Finished goods

7,000

6,500

Required:

 

 

 

 

1.       What was the cost of direct materials for March?

2.       What was the total manufacturing cost in March?

3.       What was the cost of goods manufactured for March?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Mar 2018 08:03 AM My Price 6.00

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