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Information from the Records of the Abel Corporation for July

question 164

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Information from the records of the Abel Corporation for July 2018 was as follows:  Sales $1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead * 405,000 *variable overhead is $205,000, fixed overhead is $200,000\begin{array}{lr}\text { Sales } & \$ 1,230,000 \\\text { Selling and administrative expenses } & 210,000 \\\text { Direct materials used } & 264,000 \\\text { Direct labor } & 300,000 \\\text { Factory overhead * } & 405,000 \\\text { *variable overhead is } \$ 205,000 \text {, fixed overhead is } \$ 200,000 \end{array}

 Inventories \text { Inventories }
 July 1, 2018 July 31,2018 Direct materials $36,000$42,000 Work in process 75,00084,000 Finished goods 69,00057,000\begin{array}{lrr}&\text { July 1, } 2018 & \text { July } 31,2018\\\hline\text { Direct materials } & \$ 36,000 & \$ 42,000 \\\text { Work in process } & 75,000 & 84,000 \\\text { Finished goods } & 69,000 & 57,000\end{array} The variable product costs are

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