Refer to the data provided in Exercise 2-37. Required : What was the cost of goods sold
Question:
Refer to the data provided in Exercise 2-37.
Required:
What was the cost of goods sold for March?
Data From Exercise 2-37:
In March, Chilton Company purchased materials costing $14,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows:
Required:
1. What was the cost of direct materials for March?
2. What was the total manufacturing cost in March?
3. What was the cost of goods manufactured for March?
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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