Managerial Accounting Operations And Supply Chain Management Assignment Help - Bisby Company

Question - Bisby Company manufactures fishing rods. At the beginning of July, the following information was
supplied by its accountant:
Raw materials inventory ……………………$40,000
Work-in-process inventory …………………..21,000
Finished goods inventory ……………………23,200
During July, the direct labor cost was $43,500, raw materials purchases were $64,000, and the total
overhead cost was $108,750. The inventories at the end of July were:
Raw materials inventory ……………………$19,800
Work-in-process inventory …………………..32,500
Finished goods ...Read More inventory ……………………22,100
Required:
1. W hat is the cost of the direct materials used in production during July?
2. W hat is the cost of goods manufactured for July?
3. W hat is the cost of goods sold for July? ...Read Less

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