Question: Gaeddert Corporation reported the following data for the month of July:
Inventories............Beginning.........Ending
Raw Materials.......$35 200..........$27 200
Work in Process....$12 600.........$15 300
Finished Goods.....$36 200.........$41 000
Additional Information:
Sales..................................$252 000
Raw materials purchases.... $76 300
Direct labour cost................ $32 600
Manufacturing overhead cost..$81 700
Selling expense....................$23 500
Administrative expense.........$28 600
The cost of goods sold for July was ?