Problemdirect materials used cost of goods manufactured in, Ask an Expert

Accounting

Problem:

Direct Materials Used, Cost of Goods Manufactured In March, Chilton Company purchased materials costing $25,000 and incurred direct labor cost of $10,000. Overhead totaled $42,000 for the month. Information on inventories was as follows: Required:

Required:

Question 1: What was the cost of direct materials used in March?

Question 2: What was the total manufacturing cost in March?

Question 3: What was the cost of goods manufactured for March?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164516

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