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Question: X Company began manufacturing operations on January 1. The following information is for the year: Direct materials purchased $5,260 Direct materials used Overhead $4,198 $24,991 As of December 31, all jobs were finished, but there were four jobs that were not sold, with costs totaling $1,358. Cost of goods sold for the year was $38,987. What was direct labor for the year?

Question: X Company began manufacturing operations on January 1. The following information is for the year: Direct materials purchased $5,260 Direct materials used Overhead $4,198 $24,991 As of December 31, all jobs were finished, but there were four jobs that were not sold, with costs totaling $1,358. Cost of goods sold for the year was $38,987. What was direct labor for the year?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question: X Company began manufacturing operations on January 1. The following information is for the year: Direct materials purchased $5,260 Direct materials used Overhead $4,198 $24,991 As of December 31, all jobs were finished, but there were four jobs that were not sold, with costs totaling $1,358. Cost of goods sold for the year was $38,987. What was direct labor for the year?
Transcribed Image Text:Question: X Company began manufacturing operations on January 1. The following information is for the year: Direct materials purchased $5,260 Direct materials used Overhead $4,198 $24,991 As of December 31, all jobs were finished, but there were four jobs that were not sold, with costs totaling $1,358. Cost of goods sold for the year was $38,987. What was direct labor for the year?
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