The Bayou Company makes crab pots.During the current month,direct materials costing $126,000 were put into production.Direct labor of $78,000 was incurred and overhead equaled $84,000.Selling and administrative expenses totaled $66,000 for the month and the company manufactured 3,000 crab pots.Assume there was no beginning inventory and that 2,800 crab pots were sold.
Required:

Question

Quizplus · Accepted Answer

The Answer of The Bayou Company makes crab pots.During the current month,direct materials costing $126,000 were put into production.Direct labor of $78,000 was incurred and overhead equaled $84,000.Selling and administrative expenses totaled $66,000 for the month and the company manufactured 3,000 crab pots.Assume there was no beginning inventory and that 2,800 crab pots were sold.
Required:

The Bayou Company Makes Crab Pots