In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $72,000....
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Accounting
In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $72,000. Overhead totaled $32,700 for the month. Information on inventories was as follows:
| July 1 | July 31 | |
| Materials | $5,400 | $5,200 |
| Work in process | $ 700 | $1,200 |
| Finished goods | $3,100 | $2,700 |
What was the cost of goods manufactured for July?
Note. Enter numbers only-- do not use a dollar sign ($) or comma.
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