8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...

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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

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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Answer 2

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