In June, Olympic Company purchased materials costing $37,500 and incurred direct labor cost of $41,500. Overhead totaled $29,700 for the month. Information on inventories was as follows: June 1 June 30 Materials $2,500 $4,000 Work in process 3,100 900 Finished goods 2,610 1,675 Calculate the cost of direct materials used during June? Calculate the total manufacturing cost for June. Calculate the cost of goods manufactured for June. Calculate the cost of goods sold for June.
In June, Olympic Company purchased materials costing $37,500 and incurred direct labor cost of $41,500. Overhead totaled $29,700 for the month. Information on inventories was as follows: June 1 June 30 Materials $2,500 $4,000 Work in process 3,100 900 Finished goods 2,610 1,675 Calculate the cost of direct materials used during June? Calculate the total manufacturing cost for June. Calculate the cost of goods manufactured for June. Calculate the cost of goods sold for June.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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