Problem:
Direct Materials Used, Cost of Goods Manufactured In March, Chilton Company purchased materials costing $25,000 and incurred direct labor cost of $10,000. Overhead totaled $42,000 for the month. Information on inventories was as follows: Required:
Required:
Question 1: What was the cost of direct materials used in March?
Question 2: What was the total manufacturing cost in March?
Question 3: What was the cost of goods manufactured for March?
Note: Please show how to work it out.