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| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Question 25 Figure 2-5. In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 for the month. Information on inventories was as follows: July 1 July 31 Materials $6,200 $7,100 Work in Process $ 700 $1,200 Finished Goods $3,300 $2,700 Refer to Figure 2-5: What was the cost of direct materials used in July? Answer $21,000 $20,100 $21,900 $20,500 .
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