During the Month of January, Marcos & Henesey, Inc

Multiple Choice

During the month of January, Marcos & Henesey, Inc. had total manufacturing costs of $165,000. It incurred $62,000 of direct labor cost and $40,000 of manufacturing overhead cost during the month. If the materials inventory on January 1 was $5,800 less than the materials inventory on January 31, what was the cost of materials purchased during the month?

A) $53,650
B) $68,800
C) $58,000
D) $93,800