FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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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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