During june argon inc purchases of direct materials totaled


During June, Argon, Inc., purchases of direct materials totaled $119,000; direct labor for the month was 3,400 hours at $10.00 per hour. Agron also incurred the following overhead costs: utilities, $5,870; supervision, $17,300; indirect materials, $6,750; depreciation, $6,200; insurance, $1,830; and miscellaneous, $1,100. Beginning inventory accounts were as follows: Materials Inventory, $48,600; Work in Process Inventory, $55,250; and finished Goods Inventory, $38,500. Ending inventory accounts were as follows: Materials Inventory, $55,100; Work in Process Inventory, $48,400; and Finished Goods Inventory, $37,450. Prepare a statement of cost of goods manufactured. Show your work.

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: During june argon inc purchases of direct materials totaled
Reference No:- TGS01103678

Expected delivery within 24 Hours