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In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of...

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:

July 1 July 31
Materials $6,820 $7,810
Work in process 770 1,320
Finished goods 3,630 2,970


What was the cost of goods sold for July?

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Materials inventory, July 1 = $ 6,820
Purchases = 23,100
Materials inventory, July 31 = (7,810)
Direct materials used in July = $22,110

Direct materials used in July = $22,110
Direct labor = 19,800
Manufacturing overhead =35,200
Total manufacturing cost for July =$77,110

Total manufacturing cost = $77,110

work in process july =770

work in process july31 = (1320)

cost of goods manufactured = $76560

Finished goods inventory july 1 = 3630

Finished goods inventory july 31 = (2970)

Cost of goods sold = $77220

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