In June, Olympic Company Purchased Materials Costing $38,000, and Incurred

question 48

Essay

In June, Olympic Company purchased materials costing $38,000, and incurred direct labor cost of $42,000. Overhead totaled $27,000 for the month. Information on inventories was as follows.
$\begin{array}{lcc}&\text { June } 1&\text { June } 30\\\text { Materials } & \$ 3,000 & \$ 2,700 \\\text { Work in process } & 1,000 & 1,275 \\\text { Finished goods } & 2,500 & 1,775\end{array}$ Required:
A. Calculate the cost of direct materials used during June.
B.Calculate the total manufacturing cost for June.
C.Calculate the cost of goods manufactured for June.
D.Calculate cost of goods sold for June.

Understand the regulatory framework governing water pollution and navigable waterways.

Comprehend the legal mechanisms addressing air pollution and acid rain.

Recognize the role and standards set by the Environmental Protection Agency (EPA) for protecting human health and the environment.

Identify the acts and amendments focused on preventing and controlling water pollution.

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Definitions:

Great Railroad Strike

A major labor strike in 1877 that began in the United States and quickly spread to multiple parts of the country, affecting many railroads and the broader economy.

Haymarket Riot

An 1886 labor protest in Chicago that turned violent, marking an important event in the history of labor movements in the United States.

Judicial System

The system of courts that interprets and applies the law in the name of the state or country, providing a mechanism for the resolution of disputes.

Gilded Age

A period in the late 19th century characterized by rapid economic growth, especially in the Northern and Western United States, coupled with vast wealth, much of which was concentrated in the hands of a few.