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Homework answers / question archive / White Company has the following costs for the year: Direct Materials Used $120,000 Direct Labor Incurred 60,000 10,000 Manufacturing Overhead Incurred Selling Expenses Administrative Expenses 50,000 20,000 What is the amount of product costs for the year?
White Company has the following costs for the year: Direct Materials Used $120,000 Direct Labor Incurred 60,000 10,000 Manufacturing Overhead Incurred Selling Expenses Administrative Expenses 50,000 20,000 What is the amount of product costs for the year?
Product costs= Direct materials used+Direct labor incurred+Manufacturing overhead incurred
= $120,000+60,000+10,000
= $190,000
