In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows: 11eb8015_7dd6_318f_8ffe_e5d0dbe90374_SM1597_00 Cost of Goods Sold Refer to the information for Chilton Company above. Required: What was the cost of goods sold for March

Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Edition 4ISBN: 978-0324380767

Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Edition 4ISBN: 978-0324380767

Exercise 44

In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows:

Cost of Goods Sold
Refer to the information for Chilton Company above.
Required:
What was the cost of goods sold for March

Explanation

Verified

Cost of goods sold is the cost of only t...