In June, Bearcat City purchased materials costing $26,100 and incurred direct labor cost of $20,200. Manufacturing overhead totaled $35,500 for the month. Information on inventories was as follows: Materials Work in process Finished goods June 1 O $81,380 O $80,240 O $80,810 O $80,180 $6,820 $7,810 880 June 30 3,630 1,450 2,970 What was the cost of goods manufactured for June?
In June, Bearcat City purchased materials costing $26,100 and incurred direct labor cost of $20,200. Manufacturing overhead totaled $35,500 for the month. Information on inventories was as follows: Materials Work in process Finished goods June 1 O $81,380 O $80,240 O $80,810 O $80,180 $6,820 $7,810 880 June 30 3,630 1,450 2,970 What was the cost of goods manufactured for June?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:In June, Bearcat City purchased materials costing $26,100 and incurred direct labor cost of
$20,200. Manufacturing overhead totaled $35,500 for the month. Information on inventories was
as follows:
Materials
Work in process
Finished goods
$81,380
$80,240
$80,810
June 1
O $80,180
$6,820
880
3,630
June 30
What was the cost of goods manufactured for June?
$7,810
1,450
2,970
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