During the month of June, Reardon Company incurred $17,000 in direct labor and $8,500 in manufacturing overhead and purchased $15,000 in raw materials. Between the beginning and end of the month, raw material inventory increases by $2,000, finished goods inventory

During the month of June, Reardon Company incurred $17,000 in direct labor and $8,500 in manufacturing overhead and purchased $15,000 in raw materials. Between the beginning and end of the month, raw material inventory increases by $2,000, finished goods inventory increases by $1,500, and semi-finished goods inventory decreases by $3,000. 

Required

What is the cost of goods produced?

• Expert Answer

Step 1 1 Direct Material Used in Production Add Di View the full answer