The data related to Macro build company present the following data for the month of August 2018.Direct
Question:
The data related to Macro build company present the following data for the month of August 2018.Direct labor cost $ 16000 (160% 0f factory overhead).Cost of
sales$56000.Beginning and ending inventory balance of inventory are given below;
August 1 August31
Raw materials $ 8000 $8600
Work-iprogress $8000 $12000
Finished goods $14000 $18000
Other data
Selling expenses $3400
General and administrative expenses$2600
Sales for the month $75000
Among ,the given options determine the cost of raw material purchased
a. $32600
b. $36000
c. $32000
d. $28000
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess