Refer to the information for Chilton Company on the shown below. In March, Chilton Company purchased materials

Question:

Refer to the information for Chilton Company on the shown below.
In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows:

Required:
What was the cost of goods sold for March?

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Materials inventory March 1 7200 Materials purchases in March 12000 Materials inventory March 31 86...View the full answer

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my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:29 AM

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Refer to the information for Chilton Company on the shown below. In March, Chilton Company purchased materials

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Materials Work in process Finished goods March March 31 $7,200 $8,600 9,000 7,000 9,500 1,700

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Materials inventory March 1 7200 Materials purchases in March 12000 Materials inventory March 31 86...View the full answer

Cornerstones of Financial and Managerial Accounting

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