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Calculate the cost of direct materials used during june

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In June, Olympic Company purchased materials costing $38,000, and incurred direct labor cost of $42,000. Overhead totaled $27,000 for the month. Information on inventories was as follows:

                                 June 1           June 30

Materials              $3,000              $2,700

Work in process     1,000             1,275

Finished goods      2,500           1,775

Required:

Problem A. Calculate the cost of direct materials used during June.

Problem B. Calculate the total manufacturing cost for June.

Problem C. Calculate the cost of goods manufactured for June.

Problem D. Calculate the cost of goods sold for June.

Reference no: EM132676680

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