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Econo Company
in July, Econo Company Purchased Materials Costing $21,000

Question 113

Multiple Choice

Econo Company
In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. Manufacturing overhead totalled $32,000 for the month. Information on inventories was as follows:  July 1 July 31 Materials $6,200$7,100 Work-in-process $700$1,200 Finished goods $3,300$2,700\begin{array}{lrr}&\text { July } 1& \text { July } 31\\\text { Materials } & \$ 6,200 & \$ 7,100 \\\text { Work-in-process } & \$ 700 & \$ 1,200 \\\text { Finished goods } & \$ 3,300 & \$ 2,700\end{array}
-Refer to Bowring Company. How many units were sold during the year?


A) 1,000
B) 1,500
C) 2,000
D) 3,333

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