Mathematics, 21.03.2020 08:57 nvc1127

In June, Olympic Company purchased materials costing $76,000, and incurred direct labor cost of $84,000. Overhead totaled $54,000 for the month. Information on inventories was as follows:

June 1

June 30

Materials

$6,000

$5,400

Work in process

2,000

2,500

Finished goods

5,000

3,500

Answers: 1

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In June, Olympic Company purchased materials costing $76,000, and incurred direct labor cost of $84,000. Overhead totaled $54,000 for the month. Information on inventories was as follows: June 1 June 30 Materials $6,000 $5,400 Work in process 2,000 2,500 Finished goods 5,000 3,500

Answers

Another question on Mathematics

In June, Olympic Company purchased materials costing $76,000, and incurred direct labor cost of $84,000. Overhead totaled $54,000 for the month. Information on inventories was as follows:

June 1

June 30

Materials

$6,000

$5,400

Work in process

2,000

2,500

Finished goods

5,000

3,500