y, Econo Company purchased materials costing $16,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories was as follows: July 1 July 31 Materials $4,500 $5,200 Work in process $ 700 $1,200 Finished goods $3,100 $2,700 What were the total manufacturing costs in July?
y, Econo Company purchased materials costing $16,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories was as follows: July 1 July 31 Materials $4,500 $5,200 Work in process $ 700 $1,200 Finished goods $3,100 $2,700 What were the total manufacturing costs in July?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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In July, Econo Company purchased materials costing $16,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories was as follows:
July 1 July 31
Materials $4,500 $5,200
Work in process $ 700 $1,200
Finished goods $3,100 $2,700
What were the total manufacturing costs in July?
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