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Figure 2-5

Question 89

Multiple Choice

Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows:
Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows: Refer to Figure 2-5.What was the cost of goods sold for July? A) $70,200 B) $69,600 C) $71,300 D) $71,100 Refer to Figure 2-5.What was the cost of goods sold for July?


A) $70,200
B) $69,600
C) $71,300
D) $71,100

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