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Summit Company has provided the following inventory balances and manufacturing cost data for the 000.112...

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Accounting

Summit Company has provided the following inventory balances and manufacturing cost data for the 000.112 month of January: Inventories Direct materials. Work in process Finished goods January 1 January 31 $30,000 $15,000 $65,000 Month of January Cost of goods manufactured Manufacturing overhead applied Direct materials used...... Actual manufacturing overhead. $40,000 $20,000 $50,000 $515,000 $150,000 $190,000 $144,000 00722.8 158. What was the total amount of direct material purchases during January? A. $180,000 B. $190,000 C. $195,000 D. $200,000 boilqutovo 0012 A baileguave OT.C2 B Under Summit's job-order costing system, any over or underapplied overhead is closed to the Cost of Goods Sold account at the end of the calendar year (i.e., December 31).
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Summit Company has provided the following inventory balances and manufacturing cost data for the month of January: Under Summit's job-order costing system, any over or underapplied overhead is closed to the Cost of Goods Sold account at the end of the calendar year (i.e., December 31). 158. What was the total amount of direct material purchases during January? A. $180,000 B. $190,000 C. $195,000 D. $200,000

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