Michael's Manufacturing, Inc.

Michael's Manufacturing, Inc. has the following information available for the month of July:
Raw materials inventory Work-in-process inventory Finished goods inventory
Beginning
$50,000
80,000
24,000

Ending
$62,000
55,000
35,000
Raw materials purchased $120,000
Direct labor costs 60,000
Overhead costs 45,000

1. Compute the amount of raw materials used for the month of July.
Show work here:

Answer:------

. Compute the amount of cost of goods manufactured for July.


Show work here:

Answer:-----

3. Compute the cost of goods sold for July.

Show work here:
Answer