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8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administr
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Answer #1

Ans:b)$969,000

Computation:

Ans.

Particulars

Amt.($)

Direct Material Used

       264,000

Direct Labor

       300,000

Factory Overheads

       405,000

Total Product Cost

$    969,000

Direct labor is missed 1 are as follows:

Sales

$1,230,000

Selling and administrative expenses

210,000

Direct materials used

264,000

Direct labor

300,000

Factory overhead

405,000

Inventories

July. 1, 2018

July 31, 2018

Direct materials

$36,000

$42,000

Work in process

75,000

84,000

Finished goods

69,000

57,000

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