Information for fiscal year 2016 Sales $100,000 Cost of Goods Manufactured $75,000
Question
Information for fiscal year 2016Sales $100,000Cost of Goods Manufactured $75,000Direct
Material Purchased $40,000
Factory Overhead $10,000
Work in Process- January 1 $30000
Direct Material- December 31 $10,000
Finished Goods Inventory- December 31 $60,000
Net income $15000
Direct Materials used $30,000
Cost of Goods Sold $55,000
Determine the dollar amount of Direct Labor Cost for the fiscal year
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