In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800.Manufacturing overhead totaled $35,200 for the month.Information on inventories was as follows:

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What was the cost of goods manufactured for July?
A) $70,500
B) $70,700
C) $76,560
D) $76,650

Question

In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800.Manufacturing overhead totaled $35,200 for the month.Information on inventories was as follows:

-
What was the cost of goods manufactured for July?

- 
What was the cost of goods manufactured for July?
A) $70,500 
B) $70,700 
C) $76,560 
D) $76,650

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
 
 11ea8a4c_4918_7b63_a0e6_69cf4ab1e722_TB5550_00  
 11ea8a4c_4918_7b64_a0e6_1bed0989c6c2_TB5550_00 11ea8a4c_4918_a275_a0e6_fb9336a77751_TB5550_00

In July, Noel & Vang Company Purchased Materials Costing $23,100