Company C produced 10,000 units of Product C-123 for the month of October 200A. The prime cost
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Question:
Company C produced 10,000 units of Product C-123 for the month of October
200A. The prime cost for the month is $50,000, the direct labor is $15,000, and the
manufacturing overhead cost is $10,000. Company C sold 8,000 units in October for
$10 per unit. Also, there were no ending inventories for the month of September
200A. How much is the total cost of goods sold for the month of October 200A?
1. $80,000
2. $60,000
3. $52,000
4. $48,000
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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