Question: X Company began manufacturing operations on January 1. The following information is for the year: Direct materials purchased $5,260 Direct materials used Overhead $4,198 $24,991 As of December 31, all jobs were finished, but there were four jobs that were not sold, with costs totaling $1,358. Cost of goods sold for the year was $38,987. What was direct labor for the year?
Question: X Company began manufacturing operations on January 1. The following information is for the year: Direct materials purchased $5,260 Direct materials used Overhead $4,198 $24,991 As of December 31, all jobs were finished, but there were four jobs that were not sold, with costs totaling $1,358. Cost of goods sold for the year was $38,987. What was direct labor for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question:
X
Company began manufacturing
operations on January 1. The following
information is for the year:
Direct materials purchased $5,260
Direct materials used
Overhead
$4,198
$24,991
As of December 31, all jobs were finished,
but there were four jobs that were not sold,
with costs totaling $1,358. Cost of goods
sold for the year was $38,987. What was
direct labor for the year?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F62dcadd9-5e7c-4026-a397-6b5d41525899%2Fab07cc09-395d-4e0d-bf66-2035abcdadf3%2Fl70zde9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question:
X
Company began manufacturing
operations on January 1. The following
information is for the year:
Direct materials purchased $5,260
Direct materials used
Overhead
$4,198
$24,991
As of December 31, all jobs were finished,
but there were four jobs that were not sold,
with costs totaling $1,358. Cost of goods
sold for the year was $38,987. What was
direct labor for the year?
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