Jurong Manufacturing purchased direct material worth $15,000 during the most recent period. At the end...
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Accounting
Jurong Manufacturing purchased direct material worth $15,000 during the most recent period. At the end of the period the direct material account balance was $6,000 larger than the beginning balance. Cost of goods sold was $150,000. Overhead is applied at 50 per cent of direct labour cost. Other account balances are: Work in process Beginning: $75,000; Ending: $20,000. Finished goods Beginning: $110,000; Ending: $60,000.
What was the amount of the total direct costs incurred for the period?
$36,000.
$29,000.
$9,000.
$33,000.
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