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 sold for July?

A) $77,220
B) $69,600
C) $71,300
D) $71,100

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 sold for July?

- 
 
What was the cost of goods sold for July?
 
A) $77,220 
B) $69,600 
C) $71,300 
D) $71,100

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
 
 11ea8a4c_4918_c987_a0e6_5723dc42ff3b_TB5550_00 
 11ea8a4c_4918_c988_a0e6_4f712db939dd_TB5550_00  
 11ea8a4c_4918_f099_a0e6_0db41d8e41ef_TB5550_00 11ea8a4c_4918_f09a_a0e6_8b6efa9d4fd5_TB5550_00

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