Chavez Corporation reported the following data for the month of July Inventories Beginning Ending $34,000 $33,500 $19,500 $24,000 $35,500 $50,500 Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost $69,500 $94,500 $62,500 incurred Manufacturing overhead cost applied to work Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: ork in Process $9,400 $61,500

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Chavez Corporation reported the following data for the month of July:
Inventories:
Raw materials
Work in process
Finished goods
Additional information:
Raw materials purchases
Direct labor cost
Manufacturing overhead cost incurred
Indirect materials included in manufacturing overhead cost
Multiple Choice
incurred
Manufacturing overhead cost applied to Work in Process
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
The cost of goods manufactured for July is:
O
O
$227600
Beginning Ending
$34,000 $33,500
$19,500 $24,000
$35,500 $50,500
$212,300
$228.600
$216.600
$69,500
$94,500
$62,500
$9,400
$61,500
Transcribed Image Text:Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost Multiple Choice incurred Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: O O $227600 Beginning Ending $34,000 $33,500 $19,500 $24,000 $35,500 $50,500 $212,300 $228.600 $216.600 $69,500 $94,500 $62,500 $9,400 $61,500
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