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: Materials Work in process Finished goods O $70,500 What was the cost of goods manufactured for July? O $76,650 O $76,560 July 1 $ 6,820 770 3,630 O $70,700 July 31 $7,810 1,320 2,970

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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:
Materials
Work in process
Finished goods
O $70,500
O $76,650
What was the cost of goods manufactured
for July?
O $76,560
July 1
$6,820
770
3,630
O $70,700
July 31
$7,810
1,320
2,970
Transcribed Image Text: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: Materials Work in process Finished goods O $70,500 O $76,650 What was the cost of goods manufactured for July? O $76,560 July 1 $6,820 770 3,630 O $70,700 July 31 $7,810 1,320 2,970
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